498 Stehle ROAD
About This Property
Everything was remodeled here just 3 years ago, from the roof & HVAC system to the floors, millwork and appliances. This rancher has a modern open layout that allows for lake views from nearly every room! The kitchen features granite countertops, stainless steel appliances, an apron sink and an expansive bar. Just off the living room & dining area, you can have morning coffee on the covered back porch overlooking the large backyard & the lake. Of course, the property includes 136 feet of lake frontage, plus a dock and a boat slip. The detached, oversized 2-car garage in front of the house can store all your water toys & outdoor gear, plus you have 2 extra parking spots under the carport. Back inside, the master bedroom includes a slider to the back patio, while both bathrooms boast granite-topped double vanities. There's even a bonus room that could become a 4th bedroom. This secluded property is located just a few minutes from UF Health Hospital, Leesburg International Airport, downtown Leesburg and all the shopping & dining along US Hwy 441. You can also be at Orlando International airport or Disney World in about an hour.
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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