947 VISCAYA Boulevard
About This Property
The layout is simple and functional. The primary bedroom includes its own half bath and a walk-in closet, while the hall bath offers a tub/shower combo. There's an eat-in kitchen ready to be reimagined, and a screened lanai just off the kitchen/dining area
Out back, the setting really shines. The home is tucked just back from the water, with a walking path along the lake and access just behind the house. The chain link fenced yard is dotted with an olive tree and a pineapple plant, adding a little Florida personality, with a well for irrigation (as-is) in place to help keep future landscaping lush.
Located in St. Augustine Shores, residents enjoy access to community amenities including a fishing pier, tennis courts, and a pool. The location, lakefront setting, and community features make this a strong candidate for a smart investment or value-add opportunity. This is a home with good bones, a great backdrop, and plenty of upside for the right buyer ready to bring their ideas to life. Think potential, not perfection. This one is all about what it can become.
Please allow a 48 hr response for all offers.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017