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8918 DULUTH Court
About This Property
This home features modern renovations throughout from thresholds to ceiling registers, including new kitchen with modern cabinetry and granite countertops. All bathrooms have been tastefully updated, and the home features fresh exterior and interior paint, new doors and trim and ceiling popcorn removal. It offers a 15 x 20 screened back porch as well as a front porch for plenty of porch therapy looking onto a newly sodded landscape complete with new sprinkler system. The oversized and privacy vinyl fenced backyard provides room to entertain, garden or expansion. A shed on the property adds extra storage or a handyman's dream, complete with lighting and twelve electrical outlets. A new roof, hot water heater and water softener system completes this turnkey, move in ready and waiting to share its pristine welcome mat! It's located just fifteen minutes from the beaches and Mayo. UNF, HOA Memorial, Tinseltown, Target, Wal-Mart and St Johns Town Center for your shopping and dining pleasure are within a ten-minute lifestyle zone. Just minutes for access to I-95, I-295 and J Turner Butler makes it easy to commute. A rare find with space, updates and location all in one!
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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 Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017