907 ALICANTE Road
About This Property
including 2 boat ramps, playground, basketball court, and sports field, as well as being able to enjoy the beauty of walking along the Intracoastal Waterway and fishing at the mouth of Moultrie Creek. Upon entering, the high cathedral ceilings and open floor plan give off a very welcoming feel in the home. Beautiful hardwood floors can be found throughout the living and dining areas, tile in the kitchen and baths and carpet in the bedrooms. The current owners closed in half of the garage allowing a 300+ sq ft bonus room that is currently being used as their children's play room. Within the bonus room you will find the washer and dryer closet as well. One of the greatest features about this property can be found outside the home. The side fully fenced yard can be accessed through the French doors from the dining area or directly from the master bedroom allowing a great space for kids or pets to play or just relaxing. The lot is standard 80'x100' but backs directly to county preserve area where no building can occur giving the residents almost twice as much space and extra privacy in the back yard. The county land continues on the east side of the home as well creating another 60'-70' buffer between properties. If you are looking for a home with no HOA fees, large yard and in a great community, this is it!
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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%.
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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. Augustine South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017