42151 TAMARAC STREET
About This Property
The open floor plan is enhanced by elegant tray ceilings accented with crown molding, creating a bright and inviting atmosphere throughout the main living areas. The open-concept kitchen is equipped with granite countertops, a spacious island with seating, stainless steel appliances, upgraded cabinetry with crown molding, a modern tile backsplash, and both pendant and recessed lighting-perfect for entertaining.
Upon entry, two bedrooms are located on the right side of the home, while a guest en-suite with its own private bath sits on the left, ideal for visitors or multigenerational living. The primary suite is tucked away at the back of the home, offering a peaceful retreat with views of the conservation area.
Enjoy indoor-outdoor living with a screened-in lanai and an inviting outdoor entertaining area featuring a custom stone fire pit on a concrete patio, perfect for cozy evenings and gatherings, all set against peaceful conservation views. The spacious backyard is fully fenced, includes electric already run for a future pool, and features a 15x8 outdoor storage shed for added convenience. A termite bond is in place and paid through the next year.
An oversized attached garage, tucked to the side of the home, provides ample space for 3 vehicles, storage, or a workshop. HOA dues are just $92 per year and include access to the community clubhouse, park with playground, and a full calendar of community events held throughout the year. Plus enjoy deed access to Lake Norris! Conveniently located just a short drive to Publix, Wekiva Parkway / SR-429, and the shops, dining, and charm of Mount Dora, this home offers the perfect blend of privacy, comfort, and lifestyle.
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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