142 LARGO DR
About This Property
**See the FULL LENGTH VIDEO on Tour Link 1.** ***Solivita is an active adult 55+ community located in Kissimmee, Florida. It is approximately 50 minutes from Disney World & the Orlando International Airport. Solivita has a total of 5,470 homes. Approximately 10,000 - 11,000 people live in Solivita during the winter while approximately 7,500 live in Solivita during the summer. Enjoy your active years in this piece of paradise. Solivita's amenities include: - a manicured SOFTBALL diamond & field - 36 holes of CHAMPIONSHIP GOLF that can be played by joining the Stonegate Golf Club or paying as you go - 2 STATE of the Art AMENITY centers with updated exercise equipment, yoga studio & meeting rooms - 3 restaurants - 14 HEATED POOLS - 17 PICKLEBALL courts - 9 TENNIS courts - 4 BOCCE BALL courts - 4 SHUFFLEBOARD courts - 3 HORSESHOE pits - a BILLIARDS room - miles of bike paths - 2 DOG PARKS (Small & Large Dogs) - Corn Hole - Tot Lot PLAYGROUND - COMMUNITY GARDEN - over 250 resident clubs. The HOA: - maintains the LANDSCAPING & IRRIGATION systems in the common areas as well as at individual homesites - maintains the roads throughout the community - PROVIDES SECURITY with gate guards and mobile patrols including the Polk County Sheriff - allows AUTOMATED GATE ACCESS for residents via license plate readers - provides residents with Fiber Optic Internet & TV service.***Poinciana Lakes Plaza is a MAJOR NEW SHOPPING CENTER that opened directly across from the Solivita Main Gate in Summer of 2024. It features Sprouts Grocery, TJ MAXX, Ross, Burlington, Rack Room Shoes, 5 Below, Ulta, Outback, First Watch, 5 Guys, Urgent Care, Dentist, TD Bank, Petco & Hair Cuttery PLUS MORE TO COME.***
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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.
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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