2301 AVELLINO AVENUE
About This Property
Open the door and you see why this floor plan works for a family. The living room, dining room, and kitchen are all one big space. Tile in the main rooms. Vinyl flooring in the bedrooms. A large island in the middle of the kitchen where homework, weeknight dinners, and Saturday breakfast all happen in the same spot. Dark cabinets. Stainless appliances. Double wall ovens for the holidays. From the kitchen you look past the living and dining rooms, straight out back to the screened lanai and the trees.
The bedrooms are split. The primary suite is on its own side, with an ensuite bath and a walk-in closet. Close that door and the rest of the house can stay noisy. On the other side are three more bedrooms, with room for kids, a home office, or guests. Laundry is inside, on the way to the garage.
You get about 0.19 acre with trees behind the house and no rear neighbor. The screened lanai is where mornings and evenings actually happen. Coffee. A laptop. Kids and the dog in the grass.
Avellino stays simple. No CDD. Narcoossee takes you to Lake Nona, Medical City, the 417, and the airport. Narcoossee Elementary and Narcoossee Middle sit on the same stretch of road. Nova Lakes High School is just a few minutes away on Nova Road. Schedule your private showing 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017