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4866 RED BAY DRIVE
About This Property
The desirable SPLIT BEDROOM layout offers privacy and flexibility, with the PRIMARY SUITE in its own wing with a WALK-IN CLOSET and an updated en-suite bath. Three additional bedrooms and a second full bath are positioned on the opposite side of the home, making this layout ideal for guests, family or a home office setup. Sliding glass doors open to a LARGE SCREENED LANAI overlooking the FENCED BACKYARD, where mature landscaping, WATER VIEWS and wooded scenery create a private outdoor retreat. A playground added in 2023 adds even more enjoyment to the outdoor space. Located in the established Chickasaw Oaks community, this home offers quick access to SR 417, 408, 528 and SR 50, making it easy to reach Downtown Orlando, the Orlando International Airport, Lake Nona, Waterford Lakes, Avalon Park, shopping, dining, parks and major employers. MOVE-IN READY with major updates already done, this East Orlando gem delivers the space, style and location you have been looking for. Call today to schedule your tour and fall in love with Red Bay Drive!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017