15616 Aurora Lake CIRCLE
About This Property
Valencia Lakes is a golf cart community. 40-acre waterfront outdoor recreation area with resort-style heated pool, lap & resistance pool, 40,000 sq. ft. clubhouse, deluxe Bistro to come soon, arts & crafts studio, har-tru tennis courts, gym, half-court basketball, pickleball & bocce courts, dog park, baseball park, hundreds of clubs & activities, RV/boat storage area. Over 100 acres set aside as nature preserves; enjoy the quiet and solitude of peaceful views, birds and wildlife by the water edges. More than 3 miles of bike & walking paths. Great sense of community where your neighbors become your friends for life. Tampa, St. Pete and Sarasota 25-45 minutes away. Close to the airport, medical facilities, shopping & golf.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Dec 29, 2023 | Price Decreased |
$395,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Nov 18, 2023 | Price Decreased |
$415,000
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Nov 7, 2023 | Price Decreased |
$423,900
↓ $15K
(3.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017