11 LAKEPOINT CIRCLE
About This Property
Welcome to 11 Lakepoint Circle in Port Orange! Located in a desirable 55+ community, this well-maintained home offers a comfortable, open layout filled with natural light and updated flooring throughout the main living areas. The living and dining spaces flow seamlessly, making it ideal for everyday living or entertaining. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a new garbage disposal. Additional highlights include ceiling fans, a bright and airy interior, and an attached 2-car garage for convenience and storage. Major updates provide peace of mind, including a roof replaced in 2020, AC system installed in 2021, new gutter guards, and fresh exterior paint. Step outside to a spacious yard surrounded by mature trees, offering privacy and a serene Florida setting. Residents enjoy community amenities such as a pool and recreational areas, all while being conveniently located near shopping, dining, medical facilities, and just a short drive to the beach. This home is perfect for full-time living or a seasonal retreat in one of Port Orange's most convenient 55+ communities.
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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