870 SUMMER BAY Drive
About This Property
This four bedroom and 2 bath home has a fabulous floor plan. The master suite with an eastern exposure has a view of the golf course, a large shower, garden tub and his and her walk in closets.
The three other bedrooms are on the opposite wing of the home and are expansive with plenty of space to enjoy. They can be used as bedrooms, an additional den or space for a child's play room. The gourmet kitchen, which is open to the family room and overlooks the lanai and fairway, has custom solid oak cabinetry, granite counter tops and stainless steel energy efficient appliances.
A formal living room is located at the front of the home with an elegant flair. Walk into the inviting family room with an abundance of natural light and sweeping views of the golf course and lake.
The dining room has a sophisticated touch with crown molding, wood floors, a chair rail and is more than capable of hosting a gracious dinner party.
A great screen enclosed patio is perfect for entertaining friends, cooking outdoors and offers additional seating and a place for tired feed.
The 2 plus car garage, man cave/chateau de l'homme is oversized, and will handle the golf cart, bikes, beach toys, motorcycles and more. It has a pull stairs to the attic, an abundance of shelving and painted floors. An extended, paved driveway offers 2 additional parking spaces adjacent to the garage and a paved walk way around the home.
All of this is offered in a beautiful lushly landscaped .76 acres property designed hand in hand with Mother Nature and professional landscapers. Marsh Creek Country Club is St. Augustine's quintessential Golf Community and is minutes away from the beach, restaurants and historic downtown.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017