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401 HAGER DRIVE
About This Property
Step inside to discover brand-new luxury vinyl plank flooring in all three bedrooms, ceramic tile throughout the main living areas, and fresh interior and exterior paint that gives the home a clean, contemporary feel. The kitchen has been refreshed to preserved the original character of the home. This includes freshly painted cabinetry and updated hardware that complement the new fixtures. The original countertops have been maintained. The guest bathroom include new vanity and light fixtures. The master bathroom has the original vanity but shower has been fully gutted and replaced.
Major updates provide added peace of mind, including a new roof (2022), A/C (2015), and a newer water heater. The screened-in back patio overlooks a large, fenced backyard, creating the perfect space for outdoor entertaining, relaxing, or pets to enjoy.
Ideally located just 2.2 miles from Prairie Lake Elementary, 4.5 miles from Ocoee Middle School, and 5 miles from Ocoee High School, this home also offers convenient access to shopping, dining, parks, and major highways. Combining modern updates, an excellent location, and no HOA, this exceptional property is ready to welcome its new owner.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017