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1923 MANATEE DRIVE
About This Property
Inside, the open layout connects the main living, dining, and kitchen areas, creating a comfortable setup for daily living and entertaining. The 3-bedroom floorplan provides flexibility for residents, guests, a home office, or additional storage, while the 2 full bathrooms add convenience for everyday use.
The open patio offers usable outdoor space for seating, grilling, plants, or a small dining area. The backyard provides room to enjoy the Florida weather and personalize the space over time.
Located in the Poinciana area, the home offers access to neighborhood conveniences including schools, parks, shopping, dining, and major roads connecting to Kissimmee, Davenport, Haines City, and the greater Central Florida area. The area provides a residential setting with everyday essentials within reach.
**This house comes with a REDUCED RATE through the seller's preferred lender. This is a lender-paid rate buydown that reduces the buyer's interest rate and monthly payment.**Appointment only, owner occupied. 12 hour notice required.**
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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 Lake Marion Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017