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407 HERMITAGE DRIVE
About This Property
Inside, you'll find a beautifully updated kitchen that serves as the heart of the home, featuring modern finishes, ample cabinetry, and plenty of space for gathering with family and friends. The spacious floor plan offers multiple living areas, generous bedroom sizes, and an abundance of natural light throughout, creating a warm and welcoming atmosphere.
Step outside to your own private backyard retreat. The stunning screened-in pool is perfect for year-round enjoyment, while the large fenced backyard provides endless possibilities for entertaining, gardening, pets, or play. With its rare combination of location, space, updates, and decades of pride in ownership, this is a unique opportunity to own a truly special home in the heart of Altamonte Springs.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017