1000 Foxfire TRAIL
About This Property
This custom gorgeous brick elevation home features 4 bedrooms, 3 bathrooms, an oversized 2-car garage with a full bath inside (and not included in the square footage) and workbench. This home has been lovingly cared for and updated over the years to give you 3000 plus square feet of well utilized space!
Custom-built with entertaining in mind, the owners have entertained groups of 80 plus for parties in this amazing indoor/outdoor living space. There is a large dining room and well planned out living room that opens through French doors to accentuate the living space. The flooring is tile and exquisite Australian pine that flows throughout the home. The hickory cabinets and custom tile work in the kitchen combine with the exotic granite counters and a custom dinette table (with granite top to match) that is open from the dinette through French doors to complete the wide-open feel. There is a large outdoor kitchen and covered porch that looks onto the extended covered lanai and large custom pool.
Do you work from home or house lots of guests and family? The guest cottage features shared access to the covered lanai and pool provides many options for you. This suite has French doors to a spacious bedroom, a full kitchen, full bath, PLUS Washer/Dryer en-suite, Covered Parking/Carport, and a Private ENTRANCE. This can be a great office, extra bedroom for a student or family member, or a private guest house to provide a little extra income. Market rent is approximately $1100.00 for similar guest homes.
Inside the main house, the spacious owner's suite is a retreat all to itself with a renovated bath with tiled stand-up shower and walk-in closet with built-ins. There is a secondary bedroom with a fully renovated en-suite bath as well as another guest bedroom and bathroom that also doubles as a pool bath. On the other side of the home there is an additional bedroom and flex room space. Other features include new roof (2017), newer upgraded electrical, newer AC Systems (2 units – one 2013, one 2015), newer water heaters (all tankless 2 gas and 1 electric).
Also on property is an oversized workshop / garage/ barn with power and water. Multiple water connections are located throughout the property for irrigation and are connected to 160ft deep well located in the aquifer. The property has city water but also has a superior septic system that includes two lift station and two tanks. Located minutes to local shopping and dining, UCF, Research Parkway, SR417, and only 30 minutes to OIA and the heart of Orlando. Call today for your private showing. See attached documents for lot information.
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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