Welcome to 513 Summer Place Loop, a spacious and fully furnished
5-bedroom, 3 bathroom pool home in the highly sought after High
Grove subdivision. This home has one of the best floorplans in the
community and with no rear neighbors offer privacy in the pool area
This turnkey property has been meticulously updated and comes ready
for you. Features include large bedrooms, a master suite with a
huge walk in closet, ensuite bath with a separate tub and oversized
shower on the 2nd floor. However, there are 2 bedrooms and a full
bathroom on the ground floor to suite folks that don't do stairs
:). The screened-in pool and spa are perfect for relaxation. High
Grove is a gated community offering fantastic amenities, including
a clubhouse with a community pool, fitness center, playground, and
game room. Located just minutes from Walt Disney World (one of the
closest communities to the gates) and with easy access to major
highways like I-4, 429, and Route 27, you'll find world-class
entertainment, shopping, and dining at your doorstep. This was the
sales office and model home so the garage area was the Sales office
but is now furnished as a media room and single bedroom.
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.
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