634 MANDERLEY RUN
About This Property
Off of the formal dining room, tall sliders open to a screen porch and well landscaped fenced back yard. Imported clay pots at each corner with key lime and orange/grapefruit trees. Wait till the crape myrtles and knockout roses bloom. This home is located within the City of Lake Mary power grid which services hospitals and first responders (low chance of hurricane outages). Top Magnet schools and located near the new Orlando Health Hospital, Advent Hospital, Central Fl. Greenway (417), I-4, SunRail station, as well as shopping, movies and restaurants. Boating at Lake Monroe & St John's River is close by. This home has been completely redone. Just bring the family and move in!
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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