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1016 WASHINGTON AVENUE
About This Property
Recent updates add value and peace of mind, including a new roof (2019), a new upstairs A/C unit (2020), new ductwork (2026), a new deck (2025), and electricity added to the garage (2025).
Upstairs, a spacious loft provides additional versatility, ideal for a home office, media area, or guest space. The layout offers a comfortable balance of open gathering areas and private retreats.
Step outside to a rear porch and generous garden space with great potential, now enhanced by the newly added deck-perfect for relaxing or hosting gatherings. The property also includes a detached garage with space for two vehicles, now equipped with electricity, along with an extended driveway for additional parking.
Located in a quiet, established neighborhood, this home offers convenient access to downtown Eustis, where you'll find local shops, dining, and community events. Nearby parks, lakes, and outdoor recreation options add to the area's appeal, while major roadways provide easy connectivity to surrounding cities and amenities throughout Central Florida.
Set in Eustis, this home combines character, practical design, and thoughtful updates, making it a great option for a variety of lifestyles.
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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