867 E AIKEN Street
About This Property
One of the more affordable single-family opportunities in St. Augustine, this 2-bedroom, 1-bathroom 1980 frame cottage offers 912 square feet of living space with plenty of potential to customize and make it your own. The home features a 2013 metal roof, offering added durability and years of protection.New flooring and more. Situated on a 5,227-square-foot RS-2 lot, the property may offer opportunities for a future addition or ADU, subject to verification of current local zoning and permitting requirements. With no HOA or CDD fees and a FEMA Zone X designation, the property offers an attractive combination of manageable ongoing costs and potential long-term value. The location is another standout, approximately 1.1 miles from Historic Downtown St. Augustine, 1.2 miles from Flagler College, and 4.5 miles from Vilano Beach, making it convenient for enjoying the area's restaurants, shops, history, and coastal lifestyle. Zoned for St. Johns County schools
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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%.
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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