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431 N MEANDER DRIVE
About This Property
Welcome to 431 N Meander Drive in Altamonte Springs, a beautifully maintained 3-bedroom, 2-bath home that pairs a comfortable open floorplan with standout outdoor living spaces designed for relaxation and entertaining.
Inside, the layout feels bright and connected, with the main living areas flowing easily together for both everyday living and casual gatherings. The open design creates a welcoming sense of space, while the bedroom arrangement offers a nice balance between shared living areas and private retreats. The primary suite provides a comfortable place to unwind, and the secondary bedrooms offer flexibility for guests, a home office, or changing household needs.
Outside, the home truly shines. A screened in-ground pool and above-ground heated spa create a private backyard setting that is ready for year-round enjoyment. The screened patio offers a comfortable covered space to relax, while the open patio overlooks the oversized private yard, giving you a great spot for outdoor dining, entertaining, or simply taking in the peaceful surroundings. As an added bonus, the home includes an outdoor TV, making the patio and pool area even more inviting for game days, movie nights, or weekend get-togethers.
Set within an established Altamonte Springs neighborhood, this property offers a residential setting with a sense of privacy while still being convenient to shopping, dining, parks, and everyday amenities. The location adds to the home's appeal, blending neighborhood charm with access to everything that makes Altamonte Springs such a desirable place to live.
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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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About River Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017