8357 BARRACUDA Road
About This Property
This 3-bedroom, 2-bath home offers 1,283 square feet of living space plus a versatile converted room perfect for a 4th bedroom, home office, or flex space to fit your lifestyle.
Situated on a spacious .28-acre lot, the property features a partially fenced yard, an extended one-car garage with plenty of room for a workshop, and a large detached shed for additional storage or hobbies. Recent improvements include a new roof, on-demand tankless water heater, water softener, and reverse osmosis system-providing peace of mind and value for the new owner. The home is also generator-ready, featuring an interior transfer switch panel for easy connection during power outages.
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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