703 LARADO DRIVE
About This Property
This property offers ownership of the land-no lot rent and no mandatory HOAs (voluntary POA of just $25/year). This property is settled on a generous 9,100 sq ft, 80x130 corner lot. Step inside to be welcomed by a light and open floor-plan with brand-new luxury vinyl flooring and an enclosed patio ideal for Florida living! Recent upgrades include updated bathroom vanities, new ductwork, new AC system, and an upgraded electrical panel - offering you peace of mind and energy efficiency! The home also features a covered carport, storage shed AND is located in a Flood Zone X - which means no history of flooding!
Laurelwood Estates is a quiet and welcoming 55+ community close to local shopping, dining, and medical facilities in the heart of Port Orange. Don't miss this affordable opportunity to own property in a prime location with a move-in-ready home!
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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 Laurelwood Mobile Estates
Similar Homes for Sale
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$2,100 /mo
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$2,000 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017