119 Medina ROAD
About This Property
The backyard includes a fenced area for pets and children to play, a full size shed with electricity for home projects, toy storage and tinkering and an additional shed for all your lawn and gardening equipment. This neighborhood has NO HOA, yet all of the neighbors take pride in the ownership of their homes. The home is serviced by well and septic which keeps annual ownership costs to the absolute minimum! Open kitchen design with built-in dining island and tons of countertop and cabinet spaces allows for maximum dining and entertaining options. Sliding door from kitchen provides a wonderful view of the lake, just yards away from your first morning cup of coffee. Wood burning fireplace provides ambiance through central Florida's mildly chilly winter evenings.
The oversized lot (nearly one-half acre!!) and NO HOA provides the perfect location to park your RV, large boat, work vehicle, adult toys and much more!! The seller hosted summer picnic volleyball games for years down by the lakeside – so just imagine what hobbies you will enjoy here. Home is perfect for people at all stages of life. From just starting out – to retirement, this home has limitless potential. Minor cosmetics will allow the new owner to customize details to their exact taste and preference. The town of Debary is one of central Florida's absolute gems. Near to it all, yet far from the crowds. Minutes to Interstate-4, area beaches and attractions. Don't miss out on this charming and affordable lakefront home!!!
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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