29757 COUNTY ROAD 561
About This Property
Welcome to this beautifully updated property in Tavares, Florida. This cozy home offers 2 bedrooms and 1 bathroom, perfect for those seeking a comfortable and move-in ready residence. The Seller is willing to contribute with some closing cost to facilitate a smooth transaction.
The home has undergone extensive renovations, including a brand new plumbing system, a new A/C unit, and a complete rewire with a new electrical panel for modern efficiency and safety. The kitchen features brand new cabinets, and the house has been freshly drywall finished, giving it a bright and clean appearance. New appliances including washer and dryer combo.
Other notable upgrades include a new septic tank system, new windows and doors, a new water heater, and a stunning new luxury vinyl plank flooring throughout. The exterior has also been improved with a new soffit, enhancing both appearance and durability.
Enjoy the spacious backyard, ideal for outdoor gatherings or relaxing weekends. This property combines comfort, modern updates, and a prime location in Tavares. Don't miss out on this fantastic opportunity -schedule your 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 14, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$199,900
↓ $15K
(7%) | |
| Price Decreased | |||
| Oct 29, 2025 | Price Decreased |
$215,000
↓ $7K
(3.1%) | |
| Price Decreased | |||
| Oct 16, 2025 | Listed by PROPERTY PARTNERS REALTY INC | $221,900 | |
| Listed by PROPERTY PARTNERS REALTY INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017