447 Higher Combe DRIVE
About This Property
This home is fully furnished, making it move-in ready, and the kitchen has been upgraded with stylish quartz countertops for added functionality. It has been well-maintained over the years, ensuring it's in great condition for its new owners.
One of the notable features of this property is its west-facing pool, perfect for enjoying the Florida sunshine. Whether you're looking for a permanent residence or a short-term rental investment, this home offers flexibility and potential.
Highland's Reserve is a well-established golf community known for its winding sidewalks and beautiful natural surroundings. It's a popular choice for both international travelers and local residents. You'll also find grocery stores, international restaurants, and other conveniences nearby, making daily life easy and convenient. Additionally, its location just off Hwy 27 and close to the interstate makes commuting a breeze.
In summary, this property is a practical and well-maintained home in a desirable golf community, offering an enjoyable Florida lifestyle. It's an excellent opportunity for those seeking a comfortable and convenient living space, or a short term rental investment.
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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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Nov 11, 2023 | In contract | - | |
| In contract | |||
| Nov 4, 2023 | Price Decreased |
$409,999
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Oct 5, 2023 | Price Decreased |
$420,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Sep 26, 2023 | Listed by MAXIM REALTY ORLANDO | $435,000 | |
| Listed by MAXIM REALTY ORLANDO | |||
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About Highlands Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017