8318 CHIMNEY OAK Drive
About This Property
Great starter or retirement home in the very desirable Chimney Lakes subdivision. Already priced at a discount so you can add your personal touches. Create your forever home or acquire as a great rental investment opportunity. This 3 Bedroom, 2 full bath split plan home features a huge central family room, wood-burning fireplace, formal dining area and kitchen with separate eating space. A new architectural shingle roof just installed 11/2023 and new water heater 8/2023. HVAC previously replaced in 2013. Large enclosed Florida room, easy to maintain vinyl siding. Chimney Lakes Gazebo Park is nearby plus there is an array of other local recreational facilities including other playgrounds, pool, tennis and other amenities. Home sold as-is. Seller will not consider or counter low, sight-unseen investor offers.
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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.
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017