608 CHAUTAUQUA DRIVE
About This Property
Charming 2BR/2BA home in the sought-after Chautauqua Overlooking Mount Dora community. Features a bright, open floor plan with a solar tube, a breakfast nook, and a screened lanai. Recent updates include Flooring, roof (2017), windows (2018), and A/C (2020). Enjoy a 2-car garage with built-in storage, mature landscaping, and community access to Lake Dora with a canal park and boat launch. Just minutes to downtown shops, dining, and waterfront parks. Low HOA.
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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%.
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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 Chautauqua Overlooking Mount Dora
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017