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2429 TURNBERRY DRIVE
About This Property
Location, Location, Location! With UCF and Seminole State nearby, and Oviedo on the Park minutes away, convenience is yours to a variety of great restaurants, a dog park, community concerts, and food truck nights. SR-417 makes the 45min drive to Orlando amusement parks, or 50 minute drive to New Smyrna Beach a breeze. Little Big Econ State Forest is close by for hiking and paddling, and the Cross Seminole Trail is equal distance for walking, biking, and jogging with friends. Do not miss your opportunity to live here!
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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