7301 ARMSTRONG ROAD
About This Property
Major systems have been well maintained, with the roof replaced in 2016, AC in 2015, and a new water heater for added peace of mind.
A unique highlight of this home is the spacious garage area, which includes a carpeted bonus room with windows-perfect for a workshop, office, studio, or creative space. The layout also offers potential to convert part of the garage into an efficiency unit, ideal for generating additional rental income.
Enjoy significant energy savings with paid-off solar panels, keeping your average electric bill around $30/month.
Conveniently located in Orlando, this property blends comfort, functionality, and investment potential-making it a rare find in today's market.
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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