Under contract-accepting backup offers. $10,000 Price Improvement-
Won't last long!! Popular Kent model in the active 55+ adult, gated
golf community of Kings Ridge. The beautiful leaded glass door as
you enter allows light to flow into the foyer. New modern ceramic
tile flooring & high baseboards throughout the entire home and
the Florida room. The half wall between the Dining room &
Kitchen was removed which makes for a very open concept. Most of
the home was repainted in 2023. New modern fans and lighting in
home. The den has had a closet & door added so it is now the
3rd bedroom. Roof change out in Sept 2014 and the HVAC in
2011. The cathedral ceilings in the great room make this home feel
very spacious. Separate laundry room and the washer/dryer remain.
The Primary bath has a walk in shower. Kings Ridge is a 55
Plus gated golf community located in the rolling hills of Clermont,
FL. Enjoy the Royal life style in the multi-million $ clubhouse
with 3 heated pools, spas, tennis & pickle ball courts, billiards,
shuffle board, shows, Bingo, cards and clubs galore. The monthly
maintenance fees include: Lawn maintenance including trimming of
shrubs, care of irrigation system & irrigation water, TV and
internet thru Opticaltel (FiberNow) maintenance of roads and
outside painting of home every 7 years. Also they are a members of
the clubhouse. Take your golf cart to the Kings Ridge Plaza where
you can do your grocery shopping, banking or dine out. fully
embrace the Florida lifestyle and make this beautiful home yours
today!
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.
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