2435 Johio Bay DRIVE
About This Property
Enjoy lake living in Orlando under $460k! Welcome home to this amazing 1-story, 1/2 acre beauty. All of the heavy lifting has been done for you. The roof is under 10 years old, A/C & hot water heaters have all been updated within the past 5 years. Did we mention the BRAND NEW SOLAR PANELS? Enjoy minimal electric bills for the rest of your days. Currently, the owner is running around $15 per month. In addition to your extremely low electric bills, you'll have low water bills too because the sprinkler system is fed from the lake! The immaculate pool and spa have been completely renovated included resurfacing, new tile, salt system added, and a newer pool pump. Enjoy nightly sunsets on your extensive back porch that overlooks Lake Johio. The back porch has also been upgraded to include an amazing bar and deck for added entertainment and enjoyment. Blown-in insulation into the attic and garage has also been added. Hurricane shutters convey. The dining room features an AMAZING 3-story child oasis called "Neverland" that conveys with the sale. This home offers stunning views of Lake Johio from the kitchen, family, and master bedroom. Call to schedule your showing soon!
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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