6492 Piccadilly LANE
About This Property
From the curb, the home has a handsome front exterior including mature landscaping, an extended driveway and private walk-up to a welcoming entry area. The home has an excellent interior layout including a large and open floorplan with well-proportioned bedrooms and common living areas.
Existing features of value found at this home include: ROOF (2016), HWH (2023), HVAC (2010 inside/outside), two new sliding glass doors (heavy duty), remodeled guest bathroom. The home has vaulted ceilings and a private, fenced backyard with very well-maintained landscaping already in place.
Needed within this opportunity are: A kitchen remodel (water leak at kitchen sink was repaired), kitchen appliances, complete interior paint job (walls, ceilings, trim), updates to flooring, duct work cleaning, possible HVAC replacement and a small amount of exterior repair (minor wood rot). All appliances to be removed prior to closing. A non-occupancy addendum indicates there is a dark soot material embedded in paint and found at HVAC ceiling vents. The origin is not known, but thought to be from air filters not being changed.
Just miles to the heart of MetroWest, this home offers an incredible opportunity to own property in one of the most sought-after parts of greater Orlando. If you've been waiting for the right opportunity, THIS IS IT!
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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 |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Listed by RE/MAX CENTRAL REALTY | $330,000 | |
| Listed by RE/MAX CENTRAL REALTY | |||
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About Metro West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017