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1517 Auburn Lakes Drive
About This Property
As you step inside, you'll be greeted by a spacious and open split floor plan, designed to maximize natural light and provide a bright and airy atmosphere. The home boasts two living areas, a formal dining room, eat in kitchen and a large primary suite, offering plenty of space for relaxation and entertaining. The ample windows throughout the house frame picturesque views of the pool, pond, and a serene 15+ acre preserve, providing a tranquil setting for your daily life.
The outdoor space is equally impressive, featuring a large under-truss lanai in both the front and rear of the home, perfect for enjoying the beautiful Florida weather. The private quarter-acre lot is beautifully landscaped with high hedges, ensuring privacy as you take in the stunning sunsets and the peaceful ambiance of the surrounding nature. The pool area is an ideal spot for cooling off and relaxing. The 640 sq.ft. 2 car garage is extra deep, has a second refrigerator, cabinets, and overhead storage offering ample space for all your storage needs.
This home is not only a sanctuary but also conveniently located near Williams Elementary School and Clubhouse Park, making it easy for children to walk or bike to school and enjoy the park's amenities, including tennis, volleyball, and basketball courts, a children's playground, and a large covered pavilion.
In addition to its serene setting, this home is just a short drive away from great shopping, dining, and the beautiful beaches of Melbourne. Whether you're looking for a peaceful retreat or a place to entertain, this property offers the best of both worlds. With recent updates including a new roof in 2018, and one-year-old carpet and air conditioning system (with an inverter and heat pump), this home is move-in ready.
Don't miss the opportunity to make 1517 Auburn Lakes Drive your new home. Contact us today to schedule a viewing!
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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