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616 STRATHMORE DRIVE
About This Property
The interior has been beautifully refreshed with brand-new flooring throughout the entire home, along with an updated kitchen and updated bathrooms that bring a fresh, contemporary feel while complementing the home's classic mid-century appeal. The open living spaces provide an ideal setting for entertaining guests, relaxing with family, or enjoying everyday living. The current master closet conversion offers a unique luxury touch, providing additional closet space while maintaining the flexibility to restore the home's original bedroom layout. Outside, the updated landscaping adds curb appeal and creates an inviting first impression.
Step into your own backyard retreat featuring a beautiful screened-in swimming pool and covered rear patio, perfect for enjoying the Florida lifestyle year-round. Whether you're hosting weekend gatherings, lounging poolside, or enjoying a quiet evening outdoors, this home offers the perfect setting to unwind. Complete with a large carport and a fantastic location near Downtown Orlando, local restaurants, shopping, and entertainment, this charming property offers a wonderful opportunity to enjoy comfortable living with character, style, and the flexibility to make the space your own.
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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 |
|---|---|---|---|
| Sep 14, 2026 | Listed by KELLER WILLIAMS WINTER PARK | $600,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Jun 12, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Relisted | $600,000 | |
| Relisted | |||
| Apr 29, 2025 | Price Decreased |
$595,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
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About Lake Underhill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017