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233 RED MAPLE DRIVE
About This Property
The property features a 2-bedroom, 2-bath unit with a full kitchen, living area, and private entrance; a 1-bedroom, 1-bath unit with a kitchen, private entrance, and washer/dryer connections; as well as a studio-style unit with a private bathroom, ideal for single occupancy or flexible use.
The property includes recent updates, such as renovated bathrooms and a roof approximately 2 years old, adding value and peace of mind for the buyer.
The property currently generates rental income, offering an excellent opportunity for investors (buyer to verify terms and amounts).
No HOA, providing greater control and flexibility compared to properties with association restrictions.
Conveniently located in Osceola County with easy access to major roadways including the 417 and Florida's Turnpike, as well as close proximity to shopping centers, dining, and essential services.
This property represents an excellent opportunity for those looking to generate income, diversify their portfolio, or live in one unit while renting the others.
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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 Buenaventura Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017