6924 GIBRALTAR ROAD
About This Property
As you arrive, the property offers a spacious front yard, mature landscaping, a covered carport, and a screened entry area that adds usable outdoor space. Inside, the home features a compact, functional layout with a living area, kitchen, two bedrooms, and one full bathroom. The interior is ready for updates, giving the next owner the opportunity to improve finishes and create a space that fits their needs.
The lot provides room for outdoor use, gardening, parking, storage, or possible future improvements, subject to county approval. A detached shed adds additional storage, while the covered carport offers convenient protection from the Florida sun and rain. With no HOA and no lot rent, this property may appeal to buyers looking for lower carrying costs compared to many manufactured home communities.
Located in Orlando's 32822 area, this property offers access to major roadways, Orlando International Airport, shopping, dining, schools, and everyday conveniences. Whether searching for an Orlando home, a renovation project, or a Central Florida real estate property with long-term potential, this property offers a simple footprint, usable lot space, and room to make it 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.
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About Lynnwood Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017