1113 Michael Avenue
About This Property
Welcome to this stunning residence situated on a spacious half-acre lot in desirable Lehigh Acres. Featuring 3 bedrooms plus a versatile den-ideal as a home office or 4th bedroom-and 2 beautifully appointed bathrooms, this home offers both comfort and flexibility.
The interior showcases elegant granite countertops throughout, modern fixtures, stainless steel appliances, and sleek tile flooring that extends through every room. Spa-like bathrooms provide a relaxing retreat within your own home.
Natural light fills the space, creating a warm and inviting atmosphere. Step outside to the lanai under truss-perfect for outdoor lounging-and take advantage of the ample space available to add your dream pool.
Conveniently located near shopping, dining, and everyday amenities, this home is ideal for both entertaining and daily living. Schedule your private showing today.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017