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$135,000

For Sale - Active
250 S Nassau St, Saint Augustine, FL 32084
2 Beds
1 Bath
752 Square Feet
0.15 Acres Lot
Built in 1969
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Apr 21, 2025 at 04:45AM

Investment Summary


Monthly Cash Flow
$292
Cap Rate
8.9%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
1.41
Internal Rate of Return (5 years)
15.0%

Property Description


0.15 Acres Lot
Built in 1969
For Sale - Active
Units n/a

One of the best opportunities in Saint Augustine. FIXER UPPER OPPORTUNITY! This 2 bed, 1 bath, 700+ SQFT concrete block home offers extraordinary potential. With a brand new roof and a cleaned out interior this home is the perfect blank slate to rebuild something special. Tons of preparation work has been done to make this an easy renovation! In that past, this property had 2 structures on it (another home behind the existing home). That building has since been removed but the potential to build an additional home on this same lot is still available. Airbnb/vacation rental potential! Just minutes from downtown St. Augustine you’ll enjoy quick access to one of the most historic towns in the country. With easy access to the highway, tons of shopping & dining, as well as ample entertainment. One of the best priced single family homes in the area! Act fast!

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Location


Property Details


Parking

  • Description: Carport, Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Block
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1216800000
  • Lot Size: 6534 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1969

Tax Information

  • Annual Tax: $1,212

Utilities

  • Water & Sewer: Public
  • Heating: Other
  • Cooling: Other

Location

  • County: St. Johns

Listing Details


Listed by:
Trevor Moore
VIP REALTY GROUP, INC.
(239) 489-1100

Source:
Stellar MLS
MLS#: C7506709
Stellar MLS

Investment Summary


Monthly Cash Flow
$292
Cap Rate
8.9%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
1.41
Internal Rate of Return (5 years)
15.0%

Purchase Details

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Purchase price:
$135,000
Amount financed:
-$108,000
Down payment:
$27,000
Closing costs:
$4,050
Rehab costs:
$0
Initial cash invested:
$31,050
Square feet:
752
Cost per square foot:
$180
Monthly rent per square foot:
$2.13

Financing Details

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Loan amount:
$108,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$711
Property tax:
$101
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$924

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$101-$1,213
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$501-$6,013

Cash Flow


Monthly Yearly
Net operating income:
$1,003 $12,036
Mortgage payments:
-$711 -$8,532
Cash flow:
$292 $3,504