819 EDGEWATER DRIVE
About This Property
Step outside to a fully fenced backyard, ideal for families and pets, complete with a built-in stone pizza oven (also usable as a BBQ pit) and plenty of room for entertaining. The covered lanai, formerly a carport, can easily be converted back. A long driveway offers ample space for boats, jet skis, or extra vehicles, making this home perfect for outdoor and water-sport enthusiasts.
Located just minutes from Lake Eustis, East Crooked Lake, and West Crooked Lake, with nearby public boat ramps, nature trails, and parks offering endless recreational opportunities like boating, fishing, kayaking, and paddleboarding. This home is also a short drive to Downtown Eustis, shopping centers, grocery stores, restaurants, and is conveniently close to US-441, SR-19, and CR-44, providing easy access to neighboring cities.
Zoned for Eustis Elementary, Eustis Middle, and Eustis High School, this property is nestled in a family-friendly community and offers everything you need-modern comfort, outdoor fun, and a fantastic location. Don't miss your chance to make this Florida gem your next 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017