5537 LAKE STREET
About This Property
This move-in-ready property features fresh interior and exterior paint (April 2026), creating a bright and inviting feel throughout. Enjoy new flooring in the primary bedroom, kitchen, bathroom, and laundry room, along with a fully renovated bathroom and laundry space for modern convenience.
Significant system upgrades include a brand-new hot water heater, as well as a new septic tank and drain field (April 2026), providing long-term reliability for the next owner.
Outdoor living is just as appealing with NO HOA, a fully fenced yard, plus a separate fenced area ideal for a dog run or raised bed garden. Two storage sheds offer ample space for tools, hobbies, or additional storage needs.
Whether you're looking for a full-time residence, seasonal getaway, or investment opportunity, this property delivers comfort, updates, and versatility. Conveniently located with easy access to the 429 expressway, commuting to Orlando, area attractions, the airports is and just minutes from downtown Mount Dora's shops, dining, and waterfront.
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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