1012 Lee STREET
About This Property
HOA or rental restrictions. The home has been maintained and would require cosmetic updates with the current layout. You could
also easily create an isolated third bedroom or den at the front of the house or expand the footprint of the kitchen. The primary
bedroom includes two closets and a spacious ensuite. There's also another full hallway bathroom next to the guest room. The house
already has a classic back lanai/Florida room, with plenty of space in the backyard to add a pool. Tall oak trees on the property create
lots of privacy and shade. There are some unique features you won't find in other properties in the neighborhood: A mud/laundry
room combo, 2 carports (bring your boat!) and a BONUS detached garage in the backyard. Beverly Shores is a neighborhood located
just minutes from downtown Leesburg, UF Health Hospital and many shopping & dining options nearby. You'll also be within walking
distance of schools and Bourlay Historic Nature Park, which offers beautiful lake views. This is a rare find: A well-loved mid-century
gem that just needs a 21st-century facelift. Come see this one before someone else does!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by ENGEL & VOLKERS | $228,000 | |
| Listed by ENGEL & VOLKERS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017