1215 Padgett CIRCLE
About This Property
Check out this charming home in Lady Lake not even five minutes from The Villages just off of 441. Nestled in a quiet neighborhood, just outside of the hustle and bustle. Lots of new construction being built nearby. Smart house technology throughout. Smart locks, switches and security system, newer roof, windows and AC and many more updates. LARGER SCREENED IN PORCH. This is a great investment home for the first-time home buyer, someone that just may be looking to downsize or that is ready to retire affordably, with the village's being just a 5-minute drive. EXTRA LARGE FENCED IN BACK YARD. SELLER IS IN THE PROCESS OF FINISHING THE NEW VINYL FENCE. THE BONUS ROOM HAS A PROJECTOR AND WAS USED AS AN OFFICE. CAN SERVE AS A FORTH BEDRROM OR A STORAGE ROOM. LARGE SPACIOUS LAUNDRY WITH AN EXTERIOR DOOR. Would make a great snowbird rental as well. Get your jump on it while you can. This is not going to last! 3/1 with a bonus room. Seller motivated and willing to negotiate. With just a little TLC the possibilities are never ending. SHED IN NOT INCLUDED.
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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