145 JESSAMINE DRIVE
About This Property
The spacious layout includes a bright white kitchen with an eat-in area, gas stove, refrigerator replaced in 2022, new dishwasher, and updated cabinet hardware. The floors have been redone and all ceiling fans have been recently replaced. A fantastic bar area opens to the family room, creating the perfect space for entertaining. Arched doorways and decorative planter shelving add character and style throughout the home. The laundry room includes built-in shelving and cabinets for added storage.
The primary suite features dual sinks, a separate soaking tub and shower, and a walk-in closet. An additional office or guest bedroom provides flexible living space. Gas heating, a gas stove, and a gas water heater add efficiency and convenience.
Step outside to a screened lanai with a private pool and spillover spa overlooking a peaceful retention pond, offering no rear neighbors and added privacy.
Several major updates have already been completed, including a new roof in 2018, oven replaced in 2019, water heater replaced in 2020, refrigerator replaced in 2022, new HVAC system installed in 2023, and a new pool pump installed in 2023.
Ideally located just minutes from I-4, Posner Park, shopping, restaurants, medical offices, and AdventHealth Heart of Florida. Enjoy close proximity to Orlando's world-famous attractions including Disney World and LEGOLAND, the Amway Center for sports and entertainment, as well as easy access to both Florida coasts, local fishing lakes, and Polk County's beautiful state parks and recreational areas.
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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