3615 NEPTUNE DR
About This Property
Perfectly sited on a large lot with a semicircle driveway, this solid and incredibly versatile home offers much more space and functionality than you might expect. In addition to the main living areas, a large second family room provides tremendous flexibility for additional entertaining space, a home office, playroom, media area, or a combination of uses. The oversized two-car garage offers an abundance of additional storage...another feature that can be surprisingly difficult to find in College Park.
The floor plan really shines when it comes to everyday living and entertaining. The main living spaces flow naturally into an expansive rear patio and screened pool area, creating a substantial extension of the home. The pool with heated spa, large covered and screened entertaining areas, and generous backyard combine to create a private outdoor setting with plenty of room for family gatherings, entertaining, recreation, or simply relaxing at home. The backyard is bordered by a substantial concrete wall creating additional privacy.
Major updates include a 2020 HVAC system, new pool heater 2026 and 2014 roof. This is a straightforward, solid College Park home offering the space, lot size, pool, garage capacity, and versatility that buyers often have to compromise on, particularly at this price point.
Located in a peaceful and highly convenient College Park setting with neighborhood parks, lakes, and everyday amenities nearby. Minutes to Edgewater Drive's shops and restaurants, Downtown Orlando, Winter Park, and the exciting Packing District with its expanding collection of parks, recreation, dining, YMCA facilities, tennis and pickleball, and community amenities.
A great opportunity to own a spacious 3/2 pool home on an oversized lot with an unusually large garage and flexible living space in one of Central Florida's most popular and dynamic neighborhoods.
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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