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31638 LAKE DRIVE
About This Property
Welcome to this cozy 3-bedroom, 2-bath home nestled on over a quarter acre of land, offering plenty of room to garden, ride ATVs, or simply enjoy the outdoors at your own pace.
Inside, the spacious kitchen has been thoughtfully updated with new cabinetry, granite countertops, and stainless steel appliances. Just off the kitchen, a conveniently located laundry room doubles as a functional hub with two large storage closets, keeping everything organized and within easy reach.
The primary bedroom is a true retreat, featuring a walk-in shower and an oversized walk-in closet. Peace of mind comes standard with a newer roof, air conditioner, and hot water heater already in place.
Step outside and you'll find a large storage building with a lean-to just steps from the back door, ideal for lawn equipment, tools, or hobby storage.
All of this with the relaxed feel of country living, yet you're just a short drive to downtown Eustis, Mount Dora, DeLand, and Deltona, with convenient access to the 429 for easy commuting throughout Central Florida.
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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