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0 US-27 HIGHWAY
About This Property
Strategically located in the heart of South Lake County, the property benefits from direct access to Florida's Turnpike via Exit #278 and is surrounded by thousands of existing homes, with significant residential growth continuing throughout the area. Neighboring developments include the transformative Hills of Minneola, featuring planned residential communities along with retail, office, medical, industrial, research, educational, and recreational facilities. Just minutes away, the Olympus Sports & Wellness District is expected to generate an estimated $1.4 billion economic impact, while Kroger's state-of-the-art automated fulfillment center in nearby Groveland continues to fuel economic growth and employment.
Opportunities like this are becoming increasingly limited!
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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.
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About Haines City
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$1,650 /mo
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$2,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017