301 Glenridge WAY
About This Property
New Roof in Sept. 2022, Hot Water Heater (2021), New Windows 2007, completely renovated in 2012 with new architectural ceiling/roof, Brazilian Cherry hardwood floors, Bosch appliances included with industrial bosch ventaliation hood. Built in cabinets for extra storage by fireplace and kitchen bar. You are greeted with a gorgeous wood burning brick fireplace when you enter the home. One bedroom with slate floors and private door to backyard. The main bedroom and 2nd bedroom both have double closets. The custom kitchen features a warming Drawer, Reverse Osmosis and an orginial Farmhouse Sink. The home comes with a 4 ton AC unit and 2 condensors that were just replaced in Feb. 2022. Outback you will find a swim spa and covered screen, that area can easiy be converted to a extending living space or the spa can be removed and a patio poured for $3k. If you wanted to extend the master wing you coud as well in the screened in patio area.
This home is located close to Winter Park Village and all the major roads in the heart of Orlando.
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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