17979 Caudel ROAD
About This Property
Additionally, there is a 550 sq ft mother-in-law unit featuring 1 bedroom and 1 bathroom, connected to the main house by a patio-style awning, ideal for an outdoor relaxation area or hot tub, but like the main house, it requires remodeling. A detached 2-car garage and workshop, spanning 1000 sq ft (20x50), offers ample space for vehicles, storage, and a dedicated workshop area. This property is perfect for parking boats, RVs, and work vehicles without the hassles of HOAs.
This property is an ideal investment for seasoned renovators or those seeking a project to tailor a home to their tastes. Situated in a desirable East Orlando location 100 yards from Hwy 50, the property offers a chance to capitalize on its potential post-renovation. Whether looking to create a dream home, invest in a profitable flip, or develop a rental income property, this bungalow and its accompanying structures offer a canvas for imagination and hard work. This is a unique investment opportunity in one of Florida's most vibrant cities. Cash buyers only.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017