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5636 FREEPORT DRIVE
About This Property
Enjoy peaceful mornings and relaxing evenings on the screened rear porch overlooking a tranquil creek with no rear neighbors. Additional features include a 3-car garage with room for a golf cart, the roof replaced in 2021, AC replaced in 2017, and a low-maintenance yard. Royal Harbor offers resort-style amenities on the Harris Chain of Lakes, including a clubhouse, fitness center, heated pool and spa, pickleball, tennis, bocce, shuffleboard, walking trails, community dock, RV and boat storage, and an active calendar of social events and clubs. Don't miss this rare opportunity to enjoy the best of Florida retirement living in one of Lake County's most desirable active adult communities.
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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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About Royal Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017