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310 RICO WAY
About This Property
IMPORTANT PROPERTY INFORMATION: Approximately 1,346 square feet of enclosed, heated and cooled space where portions of the home are serviced by wall/window units.
Inside, you'll find an inviting living space that flows into a distinctive kitchen with industrial-rustic design elements, open wood shelving, distressed cabinetry, and BRAND-NEW APPLIANCES. The enclosed lanai, currently being used as a bedroom, provides a spacious and versatile flex space complete with an electric fireplace, making it ideal as a primary suite, guest room, home office, or additional living area. Step outside and discover the true heart of this home-a beautifully crafted new multi-level pool deck where you can enjoy peaceful LAKE VIEWS while soaking up the sunshine, entertaining family and friends, or unwinding with your morning coffee. Surrounded by lush landscaping and towering oak trees, the backyard offers the cozy feel of a private cottage retreat. The property also features a LARGE METAL STORAGE SHED, an incredible edible garden with watermelon, dragon fruit, blueberries, bananas, tomatoes, and cucumbers, plus unique surfer-style swings hanging from the majestic oak trees in the front yard, adding even more charm and character. Best of all, this one-of-a-kind property is being sold FULLY FURNISHED (with only a few personal items excluded), making it truly move-in ready.
Ideally located just moments from LAKE LENA, you'll enjoy easy access to the public boat ramp, boating, fishing, kayaking, and scenic waterfront recreation. Downtown Auburndale, local restaurants, parks, shopping, schools, and the renowned Lake Myrtle Sports Complex are all just minutes away. With convenient access to US-92, the Polk Parkway, and I-4, commuting to Lakeland, Winter Haven, Orlando, and Tampa is effortless while still enjoying the peaceful charm of lakeside living.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Relisted | $249,990 | |
| Relisted | |||
| Oct 2, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Price Decreased |
$249,990
↓ $5K
(2%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$254,990
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Jul 26, 2026 | Price Decreased |
$259,990
↓ $10K
(3.7%) | |
| Price Decreased | |||
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About Lena Vista
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017