325 FALLING WATER DRIVE
About This Property
** Solivita is an active adult 55+ community located in Poinciana, Florida. It is approximately 50 minutes from Disney World and the
Orlando International Airport. There are over 5,200 homes that have been built & 7,000+ residents live in Solivita. Enjoy your active years in this piece of paradise we call Solivita. Solivita's amenities include: * - a manicured SOFTBALL diamond & field - 36 holes of
CHAMPIONSHIP GOLF that can be played by joining the Stonegate Golf Club or paying as you go - 2 STATE of the Art AMENITY centers with updated exercise equipment, yoga studio & meeting rooms - 3 restaurants - 14 HEATED POOLS - 17 PICKLEBALL courts - 9 TENNIS courts - 4 BOCCE BALL courts - 4 SHUFFLEBOARD courts - 3 HORSESHOE pits - a BILLIARDS room - miles of bike paths - 2 DOG PARKS (Small & Large Dogs) - Corn Hole - Tot Lot PLAYGROUND - COMMUNITY GARDEN - over 250 resident clubs. The HOA: * - maintains the LANDSCAPING and IRRIGATION systems in the common areas as well as at individual homesites - Maintains the roads throughout the community - PROVIDES SECURITY with gate guards and mobile patrols including the Polk County Sheriff - allows AUTOMATED GATE ACCESS for residents via license plate readers - provides residents with BASIC CABLE TV service. Polk County picks up waste to include bulk items and lawn refuse and recycling which is included in the taxes.
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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 |
|---|---|---|---|
| Nov 2, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2023 | In contract | - | |
| In contract | |||
| Sep 9, 2023 | Price Decreased |
$355,000
↓ $14K
(3.8%) | |
| Price Decreased | |||
| Aug 23, 2023 | Price Decreased |
$368,950
↓ $1K
(0.3%) | |
| Price Decreased | |||
| May 13, 2023 | Listed by BORCHINI REALTY | $369,950 | |
| Listed by BORCHINI REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017