1435 CHERRY LANE
About This Property
The home is also equipped with seller-installed solar panels. According to the sellers, the solar energy system provided enough backup power to keep essential items operating during previous storm-related outages until utility service was restored-an especially valuable feature during Florida's storm season. An updated metal roof adds durability and lower-maintenance appeal.
Outside, the expansive property offers plenty of room to spread out and includes a custom-built horse stable/chicken coop, along with a separate shed for utility and property-maintenance equipment. A covered front porch, attached garage, mature landscaping, and attractive arched windows add to the home's welcoming character. Enjoy a peaceful, spacious setting while remaining conveniently located near Lakeland's shopping, dining, entertainment, and everyday amenities. This distinctive property brings together acreage, flexibility, comfort, and convenience in one remarkable place.
Some photos are digitally enhanced for reference. All information is deemed accurate and true. Realtors and buyers to confirm all information.
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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