2241 SUMMER RAYE COURT
About This Property
Step inside to find a functional layout ideal for both everyday living and entertaining. The backyard is a true retreat, featuring a saltwater pool, perfect for year-round enjoyment with family and friends.
Major updates give buyers peace of mind, including a new roof installed in 2022, a new A/C unit in 2023, a hot water tank replaced in 2021, and a new pool pump installed in 2025. Seller is offering $10,000 in seller concessions, providing an excellent opportunity to help with closing costs or rate buy-down.
Located in a growing and highly desirable area, St. Cloud continues to attract homeowners looking for space, affordability, and convenience. The city has seen steady growth with new businesses, expanding amenities, and continued development while still maintaining its small-town charm. Residents enjoy a family-oriented community with easy access to Orlando, major attractions, Orlando International Airport, lakefront recreation, parks, and a charming historic downtown.
Whether you're looking for your primary residence or a Florida lifestyle home with a pool, this property checks all the boxes. Schedule your tour today!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017