516 Elm DRIVE
About This Property
The expansive primary suite includes an unsuite bathroom and walk in closet. The 2 additional bedrooms are generously sized and offer plenty of room. In your large fully fenced in backyard you have dual storage sheds leaving plenty of room to store your lawn equipment or work on a pet project. Your new home is located in a Highly Rated Seminole County School District. The Heftler Homes community is convenient to major roads, shopping and dining, 17-92 and 417. The neighborhood is adjacent to Casselberry Greenway Trail where you can enjoy great biking/walking. This neighborhood is also home to Wirz Park, a 29-acre City of Casselberry Park with a new zero-entry pool, splash elements, and lap pool, playground, basketball court, baseball, and sports fields. You will also be close to Casselberry Golf Club and the Country Club at Deer Run for golf enthusiasts. House has a newer 2016 roof, AC 2017, and was rewired 2016. Some features include: - Beautiful laminate in bedrooms and tile in all common areas, kitchen, and bathrooms - Newly renovated kitchen with beautiful wood cabinets, granite countertops, stainless steel appliances, and modern backsplash. Newly renovated bathrooms with upgraded tile, granite counters, and modern high-efficiency toilets. New lighting and ceiling fans. All Realtor information is presumed correct but not guaranteed including dimensions, zoning, uses, and description. Buyer and buyer's agent to verify all information.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | In contract | - | |
| In contract | |||
| Oct 4, 2023 | Relisted | $334,988 | |
| Relisted | |||
| Sep 29, 2023 | In contract | - | |
| In contract | |||
| Sep 19, 2023 | No longer available | - | |
| No longer available | |||
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About Heftler Homes Orlando
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017