863 W 6TH Street
About This Property
Welcome to this brand-new two-story home, thoughtfully designed for comfortable everyday living. The first floor features a bright, open-concept layout that connects the living area and modern kitchen, complete with quartz countertops and stainless steel appliances. A convenient half bath, dedicated laundry room, and sliding glass doors leading to the backyard make the space functional for both daily life and entertaining. Upstairs, you'll find all three bedrooms and two full bathrooms, providing privacy from the main living area. Enjoy the peace of mind that comes with a new roof, HVAC system, appliances, and finishes, without the immediate need for repairs or updates. Whether you're purchasing your first home, downsizing, or looking for an investment property, this home offers excellent possibilities. Located approximately 2.5 miles from Historic Downtown St. Augustine, with convenient access to beaches, shopping, dining, nightlife, and I-95 for an easy commute to Jacksonville and beyond.
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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 St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017