785 EL VERGEL Lane
About This Property
Hardwood floors flow effortlessly throughout the entire home, a testament to meticulous attention to detail that resonates throughout the home. Kitchen has been tastefully updated with soft-close cabinets, handy pantry pull-outs, and new appliances in 2018. A cozy breakfast nook promises countless mornings gazing out at your verdant backyard offering privacy and natural beauty. The large screened porch is perfect for year-round relaxation. Plantation shutters add Southern charm add the right amount of light. Functionality isn't compromised for style. A cutting-edge Trane AC installed in 2020 and new roof in 2019 promise peace of mind. New sprinkler system added in 2022. This house is more than a dwelling, it's a lifestyle. Ocean Palms is a revered gated neighborhood on Anastasia Island with close proximity to St. Augustine's coveted beaches. Lawn maintenance and exterior pest control are provided with this patio home. Seller has termite bond. Community offers pool, playground, and a dock on the intercoastal for sunset viewings and neighborhood cocktail gatherings.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017