1640 PRAIRIE OAKS DRIVE
About This Property
This home is perfect for those who value upscale living and require ample space. Additional perks include a laundry room with a utility sink, an attached 3-car garage, a newer roof (installed in 2020), and an expansive, fully paid-off high-end $40,000 solar system that can power the house at an extremely low cost, saving you money. The smart HVAC system (installed in 2021) features UV air filtration to improve indoor air quality. A whole-house water softener system improves water quality for bathing, cleaning, and appliance use. Other features include a pool heater (installed in 2019), keyless entry with multiple security cameras, and hurricane shutters for storm protection. A list of capital improvements is available upon request. Low HOA and no CDD! This home is conveniently located near Medical City, Lake Nona, Orlando International Airport, area attractions, beaches, Port Canaveral, a new Publix, SR 417, 528, and Florida's Turnpike. You'll love living here; we invite you to make this house your new home today! This home has it all!
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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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed by BHHS FLORIDA REALTY | $734,999 | |
| Listed by BHHS FLORIDA REALTY | |||
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed by BHHS FLORIDA REALTY | $679,000 | |
| Listed by BHHS FLORIDA REALTY | |||
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About East Lake Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017