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4675 ORLANDO CIRCLE
About This Property
Home was built in 1959 on a 9000sf lot.
The previous interior was 1105sf but is now 1472sf because the garage is now conditioned living space.
Manatee County records show:
1996 New electrical panel & wiring.
2003 New plumbing & sewer lines.
Improvements to the property since purchasing in 11/2021.
2021: New Water heater
2022: New American Standard A/C system & ducting.
2025: New metal roof, New 6' wood privacy fence with a double wide gate for EZ access to the side & back yards for an RV / boat etc. New stucco exterior.
2026: New kitchen cabinets, quartz countertops, & tile backsplash.
Modern Whirlpool stainless steel kitchen appliances with French door refrigerator.
Additional improvements include: remodeling both bathrooms, interior doors, light fixtures, mini blinds, Luxury Vinyl Plank flooring, R-30 blown-in and batt insulation, interior & exterior painting.
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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%.
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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.
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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