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87 PESCADO Drive
About This Property
Every room lives on one floor. A paver front porch and double glass doors open to wood floors, formal dining room with butler's pantry, and gathering room with coffered ceilings that flows into the kitchen, which has been fully updated in coastal colors with new granite, 42-inch cabinetry, an island with breakfast bar, separate nook, large walk-in pantry, gas cooktop, and new dishwasher. Primary suite features double-step ceiling and French doors to the screened lanai in split bedroom format. Across the home, a guest bedroom sits beside a full bath. Two additional bedrooms share a bath, with an office nestled between them. Floor plan could make excellent multi-gen living. Built-in closets throughout. Sliding glass doors pocket completely out of the way, opening the living space to the lanai. The lanai includes mini frige and sink. Beyond that, a paver patio, gas fire pit, full sprinkler system, and updated landscaping. Brand-new HVAC. Roof just over two years old. New exterior lighting. Updated lighting and ceiling fans. Fresh interior paint. Water softener. Laundry room with cabinets, counter, and sink. Updated garage door opener. Gated Madeira with clubhouse, gym, and pool. Minutes from historic downtown St. Augustine and the beach. Move-in ready.
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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.
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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. Augustine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017