368 Michael Blake BOULEVARD
About This Property
spa-like Primary Suite is a site for serenity and relaxation, and also has access to the screened-in patio (perfect for morning coffee). The primary en-suite was fully upgraded (2021) with a glass barn sliding door entrance, separate vanities, a large shower, a separate commode, a linen closet, and a walk-in closet. The laundry is located on the second floor which is a plus. The 2nd and 3rd bedrooms both share a huge covered porch overlooking the conservation area. The garage is located at the rear of the property. Amenities include Pool,
Fenced Playground, Barbeque area, and Recreation Center. Lawn care is included in this section of the community which allows you more time to live life. A major incentive is the cross-Seminole bike trail located just steps from your door. Walk to several restaurants and shops, including Publix. Easy access to the 417 which makes getting to downtown Orlando or the Orlando Airport approx. 25mins. with 15 mins to Sanford Airport.
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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