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8513 OAK LEAF Road
About This Property
The bones are in good shape and major items are taken care of. HVAC and Water Heater is 2-3 years old, Roof approx. 10 years. Your renovation dollars go toward finishes, not mechanicals.
Cosmetically, this one needs TLC -- which is exactly the opportunity to make it your own. Paint, flooring, and a kitchen and bath refresh, and you've got a property that competes with anything nearby.
For an investor, that's a clean canvas with the hard costs off the table. For a first-time buyer, it's a way in at a number that still leaves room to build equity with your own hands.
Sold as-is.
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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 Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017