814 MINNESOTA AVENUE
About This Property
The property has undergone extensive improvements, including updated plumbing and electrical, replacement breakers, an additional electrical panel, and a roof replaced in 2018. The detached suite shares electrical service and A/C with the main residence.
Outside, the large backyard and no HOA create even more possibilities, with plenty of space to envision a pool, workshop, shed, expanded outdoor entertaining area, or simply a spacious backyard to enjoy.
Located just minutes from Downtown St. Cloud and the St Cloud Lakefront Park, you'll have convenient access to local restaurants, shops, parks, recreation, and everything that makes this part of St. Cloud special. With easy access toward Narcoossee Road and the Lake Nona area, this property combines character, flexibility, and location in one unique package.
Whether you're looking for a mother-in-law suite, space for extended family or guests, a home office, or simply a property that gives you options, 814 Minnesota Ave is one worth seeing in person.
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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