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16706 RISING STAR DRIVE
About This Property
The main level features a formal living and dining area that flows into the beautifully updated kitchen and family room. The kitchen showcases light shaker-style wood cabinetry, premium Calacatta Prizma quartz countertops, and Frigidaire stainless steel appliances. The open-concept design makes this space ideal for everyday living and entertaining. The breakfast nook offers beautiful views overlooking the private pool and backyard.
The primary suite is conveniently located on the main level and features walk-in closets, a dual-sink vanity, and an elegant glass-enclosed shower. Upstairs, you'll find three additional bedrooms, with luxury vinyl tile flooring throughout the staircase and all three bedrooms. A Samsung washer and dryer are also included.
Additional highlights include a 2018 roof and 2013 A/C system.
The community offers a pool, tennis court, and playground for residents to enjoy. Short-term rentals are permitted, providing flexibility for the property to be used as a primary residence or an investment/short-term rental.
Conveniently located near Disney World, major highways, shopping, dining, and other Central Florida attractions, this home offers the perfect combination of comfort, location, and investment potential.
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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.
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About Citrus Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017