94 South STREET
About This Property
storage building is steeped in history. From this coveted south Lincolnville neighborhood, it is an easy walk or bike ride to indie restaurants, live music venues, art galleries, and all the other offerings on St Augustine's rich menu. Equally appealing as a full-time residence, weekend getaway or investment property/2nd home. The past 11 years have seen this house as a full-time high end vacation rental. Welcome - we'll be waiting for you on the porch.
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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