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16617 CARIBBEAN BREEZE WAY
About This Property
The spacious primary suite offers a king-size bed, ceiling fan, walk-in closet, and private en-suite bath with dual vanities, walk-in shower, and relaxing garden tub. Three additional bedrooms provide comfortable accommodations for family and guests, while the second full bath features a shower/tub combination. An interior laundry room adds everyday convenience. Short-term rentals are permitted, making this an attractive opportunity for investors seeking a vacation rental property in the Orlando market. The home is located within easy driving distance of Walt Disney World, Universal Studios, SeaWorld, water parks, championship golf courses, shopping, dining, and numerous Central Florida attractions. High Grove offers desirable resort-style amenities including a community pool, clubhouse, fitness center, and playground. Convenient access to Highway 27 and I-4 makes it easy to explore Orlando, Tampa, Gulf Coast beaches, and Florida's Atlantic Coast. Whether you're looking for a turnkey Orlando vacation rental, income-producing short-term rental, second home, or full-time Florida residence, this beautifully furnished property offers the flexibility, amenities, and location today's buyers are seeking.
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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.
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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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About Citrus Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017