3012 Amherst AVENUE
About This Property
The home offers a wonderful layout, including a completely remodeled kitchen with a bay-window view of the front porch and quaint, tree-lined street. Multi-tone, hard-wood cabinetry, with a coffee bar and large pantry, and eat-in dining space, this kitchen is also complete with all new, high-end stainless appliances.
Two bedrooms and two bathrooms make this a perfect home for the up & coming professional, a young family, or an easy way to enjoy golden retirement years. Every detail has been attended to, including a brand new Carrier HVAC (2024), New Architectural Shingle Roof (2024), Fully Renovated Bathrooms (Tub/Tile/Toilets/Vanities/Fixtures/Lighting/Vents – THE WORKS!!), new LVP flooring, 5¼" Baseboards, New Lighting & Fans, New Door Hardware, New Outlets & Rocker Switches, New HVAC Vent Covers, New Rack Shelving in Closets.
WITHIN THE AREA: As College Park's continues to regentrify, many of the homes in the surrounding neighborhood are selling for $800,000 to well above One-Million. TWO BLOCKS: Mathews Park, a five acre municipal park with a softball diamond, basketball, playground, picnicking area and dog-walk. ONE MILE: DUBSDREAD GOLF COURSE with 18-holes of golf & a delicious lunch or business meeting to follow. ½ MILE: EDGEWATER DRVIE is within walking distance to enjoy a plethora of dining, services and unique shopping experiences. 4 MILES: A short commute to downtown Orlando (Kia Event Center / Dr. Phillips Performing Arts) can be accessed without the need for Interstate-4!
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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%.
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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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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017