505 Apricot DRIVE
About This Property
This charming residence was remodeled in the spring of 2017. The updates include new quartz countertops in the kitchen, stainless steel kitchen appliances, new tile floors throughout the common areas with wood laminate in the bedrooms, baseboards with shoe molding, a new water heater, air conditioner, new vanities and mirrors in both bathrooms, screened in porch, new interior doors, blinds, all new plumbing and a fresh coat of paint inside and out!
Warm and welcoming, this property also comes with a bonus room! Perfect for hosting guests, to use as an office or play room, the bonus room is isolated. It's located on the opposite side of the house, away from the other three rooms.
The location of this home could not be more convenient! A short drive from the 429, 408, 414 and I-4 puts you close to major attractions such as Disney, Universal, Seaworld and Downtown Orlando. Located in the heart of Ocoee, it's just a few minutes commute to local attractions such as the Ocoee Lakeshore Center, Starke Lake, Forest Lake Golf Club, Jim Beech Recreational Center, the historical Withers Maguire House and Bill Breeze Park where the Ocoee Fall Music Festival is held every year.
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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