3535 King George DRIVE
About This Property
and an overall expansiveness. The master suite, a true sanctuary on the right, showcases French doors to the lanai, and a spa-like master bath featuring a vast walk-in closet, dual vanities, a walk-in shower, and a freestanding soaking tub. Culinary adventures await in the gourmet kitchen, now graced with an oversized island, 42" cabinetry, all new appliances including a gas cooktop, stylish tiled backsplash, quartz countertops, a walk-in pantry, all overlooking the nook and family room. The outdoor living space, accessed via sliding doors, is an entertainer's paradise with a covered lanai and a sparkling pool, providing the ultimate backdrop for enjoying Florida's year round amazing weather. The renovation rounds out with 3 additional bedrooms, 2 bathrooms, a home office, and an oversized 2 car garage. Notable updates include: New roof 2017, New HVAC, Reme Halo HVAC air filtration system, laminate flooring, kitchen remodel with 6 burner stove all completed in 2020. New pool pump, refrigerator, dishwasher, and spare bathrooms remodeled in 2022. Laundry room remodel with new washer & dryer as well as Aquasana water filtration system in 2023. All this, centrally located moments from Orlando's premier attractions-Restaurant Row, Windermere Chain of Lakes, the Mall at Millenia, and Theme Parks. This home isn't just renovated-it's transformed!
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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 Windermere Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017