9129 MELLON Court
About This Property
pristine shoreline. Home is in need of renovation & can be artfully restored to it's 1920's glory. Would make a perfect beach getaway or vacation rental. Imagine creating a legacy for your family to enjoy for years to come! 15 min south of St. Augustine Historic area, 4 minute walk to the beach & Matanzas inlet, you'll enjoy beach combing, shelling, fishing, surfing, paddle board!This cottage is listed on Florida Historical register; state file #SJ4291. There are no special requirements with regards to historic elements that need addressing for renovation. A super Beach buy!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2018 | Sold | ||
| Sold | |||
| Jan 24, 2018 | Listed by SCHEIRER REALTY, INC. | $249,000 | |
| Listed by SCHEIRER REALTY, INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017