254 MAGELLAN DRIVE
About This Property
The well-appointed kitchen boasts granite countertops, ample cabinet and counter space, and includes all appliances-washer and dryer included-making it truly move-in ready. Retreat to the primary bedroom, which offers an ensuite bath and a spacious walk-in closet.
Enjoy additional living space in the enclosed porch, perfect for relaxing year-round. The two-car garage includes a garage door opener and doubles as a workshop, ideal for projects or extra storage. The property is fully fenced and features a front lawn sprinkler system, mature landscaping, and added peace of mind with an alarm system and exterior cameras.
Located in an established, friendly neighborhood with a community watch program, residents enjoy access to neighborhood lakes, parks, playgrounds, and a pool. This quiet community is just minutes from schools, pharmacies, Poinciana Medical Center, local shops and dining, and offers quick access to Hwy 17 and the new Poinciana Parkway Toll for easy commuting.
A wonderful opportunity to enjoy a peaceful setting with convenient access to everything Poinciana has to offer.
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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