7317 Tomberlin LANE
About This Property
The property showcases a 2-car garage with ample storage space, a convenient garden shed, and a coveted permitted RV parking spot with a 40 x 12 shelter complete with a 30-amp connection on the pad. Also a large bonus storage shed is turn key and ready to use. For those with a green thumb, the irrigation system fed by a dedicated well ensures your gardens and landscaping remain vibrant year-round.
Embracing the essence of tranquility, the home features a privacy fence, mature palm trees, and a concrete slab foundation. Noteworthy is the new roof, a testament to the commitment to ongoing maintenance and improvement. With the absence of an HOA, you have the freedom to tailor your space to your desires without constraints.
Located in the quiet enclave of Tangerine with a Mount Dora address, this home is strategically positioned for convenience. Essential shopping, major roadways, and the historic downtown area of Mount Dora are all within easy reach. As the original owners attest, this property is not in a flood zone, adding an extra layer of peace of mind.
For those seeking a harmonious blend of space, privacy, and quality craftsmanship, this home is a must-see. Immerse yourself in the charm of Tangerine and make this meticulously maintained residence your own. Contact us today to schedule a private viewing and experience the warmth and character of this exceptional property.
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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 |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Nov 6, 2023 | In contract | - | |
| In contract | |||
| Oct 14, 2023 | Listed by OLDE TOWN BROKERS INC | $349,900 | |
| Listed by OLDE TOWN BROKERS INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017