116 Grant ROAD
About This Property
Beautiful 2 Bedroom, 2 Bath move-in ready home in SE Winter Haven on a large corner lot. NO HOA. From the front door entry, you will see a spacious Living Room with a Formal Dining Space. The Kitchen features stainless appliances, closet pantry, and pass thru window to lanai. It is open to a casual dining space as well as a family room/den/home office area with electric fireplace. The Master and 2nd bedroom both have walk in closets. The screened lanai extends the full length of the home for great entertaining and is accessed from the Master BR, dining room and Kitchen through French doors. The back yard is fully fenced and landscaped for privacy, with a sizeable gate to allow for parking of your RV or boat. The side entrance, 2-Car Garage has an insulated garage door and plenty of parking space on the long driveway. Other features include automatic irrigation system, security system, New roof 2020 and A/C replaced in 2015 with whole house UV filtration. Lake access within 1/4 mile to Lake Florence. It is also convenient to boat ramps on the "Chain of Lakes," shopping, restaurants, and LegoLand. Call today for your private showing!
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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%.
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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