554 LORIENT DRIVE
About This Property
The spacious kitchen features a large island and stainless-steel appliances, perfect for cooking and entertaining. Plus, all mounted TVs stay with the house and the carpets were just cleaned!
Designed for comfort and privacy, the split-bedroom layout offers a peaceful retreat. The master suite features a deep soaking tub for the ultimate relaxation. Step outside to the screened-in back lanai, where you'll enjoy no rear neighbors-a serene backyard escape.
Ideally located in Normandy Heights, near Lake Shipp and the Chain of Lakes in Winter Haven. This home is just 10 minutes from restaurants, grocery stores, and big-box stores, and only 15 minutes from Polk State College.
Don't miss this incredible opportunity-schedule your showing today!
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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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| May 20, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Price Decreased |
$285,000
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Mar 26, 2025 | Price Decreased |
$295,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Feb 14, 2025 | Listed by LIVE FLORIDA REALTY | $305,000 | |
| Listed by LIVE FLORIDA REALTY | |||
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About Polk
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017