706 MICHIGAN STREET
About This Property
Welcome to your dream home in the vibrant, walkable community of Mount Dora! Just steps away from top-rated restaurants, boutiques, cozy cafes, scenic parks, the waterfront, and year-round festivals, this super cute ranch-style home perfectly blends comfort, character, and convenience.
Built with solid concrete block construction, this home is not only charming but also low-maintenance and durable. Nestled on a spacious .30-acre corner lot, there's ample room for parking, expanding the home, or transforming the backyard into your own outdoor paradise-think patio, garden, or even a pool. The possibilities are truly endless!
Inside, you'll love the bohemian flair, with tile flooring flowing throughout the living areas and kitchen. The open floor plan is perfect for entertaining or relaxing with friends and family. The kitchen is a carefully designed, cook's delight, featuring a Jenair gas range, black granite countertops, butcher block breakfast bar, high end stainless steel built-in sink & faucet new stainless dishwasher, refrigerator, built-in microwave, and loads of natural light.
The bedrooms are generously sized with great closet space, while the main bathroom offers a tub/shower combo and updated vanity. A versatile bonus room includes a full bath with a walk-in shower, utility room, and LG washer and dryer-ideal for guests, a home office, additional bedroom or hobby space.
Sliding doors lead out to your private, screened back porch, overlooking a fenced backyard with a utility shed for extra storage.
Additional Features:
• No HOA
• New Roof (2022)
• Hot Water Heater (2013)
• HVAC (2002)
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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 Grandview Terrace
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$2,180 /mo
- 2 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017