38 E MORNINGVIEW DRIVE
About This Property
A standout feature of the home is the sun room, a versatile space ready for you to make it your own. It is ideal for relaxing, working from home, or enjoying your morning coffee while taking in the Florida sunshine.
Step outside to a spacious private yard enclosed by a vinyl fence, offering plenty of room to garden, play, or unwind. The rear porch provides additional space for outdoor dining, quiet evenings, or future customization to suit your needs.
Location is key, and this property is conveniently situated near shopping, dining, parks, and local amenities. It offers easy access to major roadways including US Highway 441, State Road 44, and State Road 19, with nearby shopping options such as Eustis Village Shopping Center and other retail and dining destinations close by.
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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