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1624 HAVEN DRIVE
About This Property
Exceptional opportunity to own property in Orlando's highly desirable and rapidly developing Formosa Lake area. This charming bungalow sits on a valuable lot in a neighborhood experiencing significant growth and redevelopment, making it an excellent choice for homeowners, investors, or builders.
Whether you're looking to renovate and move in, create a rental property, or build new, the possibilities are endless. The recently developed Gallery Apartments are located directly across the street, and the surrounding area features numerous newly constructed homes, highlighting the continued revitalization of the neighborhood. With its unbeatable location and strong investment potential, this property offers the rare chance to secure a home in one of Orlando's emerging communities.
**Location. Location. Location.** Don't miss this opportunity to invest in the future of Orlando. ...less than a mile away from the Princeton sun rail stop within Orlando's medical center and close to night life, groceries, and the Orlando Urban trail...
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$424,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Aug 18, 2026 | Price Decreased |
$449,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Jul 27, 2026 | Listed by THE MORTGAGE PROJECT, INC | $499,000 | |
| Listed by THE MORTGAGE PROJECT, INC | |||
| Aug 31, 2017 | Sold | ||
| Sold | |||
| Jul 28, 2017 | Listed by THE MORTGAGE PROJECT, INC | $239,000 | |
| Listed by THE MORTGAGE PROJECT, INC | |||
Property Highlights
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About Lake Formosa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017