4208 ANDOVER CAY BOULEVARD
About This Property
As you step inside, you're greeted by a formal living and dining room, ideal for hosting family and friends. The kitchen, designed for both style and function, features granite countertops, a stone undermount sink, stainless steel appliances, and two convenient entryways. The laundry room is located inside for added convenience.
The open family room showcases breathtaking views of the backyard with its private pool and tranquil pond backdrop. With an open floor plan and high ceilings, the home feels light and airy throughout. The loft area offers versatility, making it a great potential 4th bedroom or additional living space.
Recent upgrades ensure peace of mind, including a new roof (2017), new AC (2023), new Pella windows (2024), new front door (2023), Pella sliding doors (2022), new paver driveway (2024), and a new pool heater (2017). Additional enhancements include $20k in landscaping, plantation shutters, and a solar-powered pool heater, rain gutters.
The Andover Cay community offers incredible amenities, including a community pool, 2 playgrounds, volleyball and basketball courts, all surrounded by lush conservation areas. Conveniently located with easy access to major highways like 417, and just minutes from shopping, dining, entertainment, UCF, and Orlando International 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | Relisted | $515,000 | |
| Relisted | |||
| Oct 5, 2024 | Price Increased |
$520,000
↑ $5K
(1%) | |
| Price Increased | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017