9248 JULY Lane
About This Property
ceil, FP. 3rd flr all master suite w/priv oceanview deck, corner seamless windows, luxurious bath. 3-level ELEVATOR, Gas fireplace, Gas cooktop, 2 ovens, warming drawer, refirgerator, walk-in pantry, custom design wall finishes, Built-in entertainment center in living room, pre-wire for stereo speakers, Master suite has 2 walk-in closets, Lg shower w/double heads, 2 vanities, Spa tub w/Intracoastal view, poured concrete deck floors, vinyl railings. Concrete construction 1st level with stucco finish, frame construction 2nd & 3rd with Hardy-board Concrete siding. Summer Island is an enclave of coastal hued homes nestled between the Intracoastal waterway & the Atlantic Ocean, it is gated & has a clubhouse, pool, tennis, playground, fishing dock & boat ramp. Short walk to stunning Summer Haven beach, 20 minutes to the historic district in St. Augustine, 10 minutes to grocery & restaurants!
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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