Description

Long term tenant already in place paying 3100 per month on an annual lease! Please see the attractive investment analysis in the attached link. This is a beautifully maintained 3-bedroom, 2.5-bath single-family home located in the highly sought-after Andover Lakes community of East Orlando. This charming residence combines comfort, space, and modern convenience, making it an ideal choice for families, professionals, or anyone looking to enjoy Florida living at its finest. Nestled on a quiet cul-de-sac, this home offers approximately 1,965 square feet of living space on a generous 7,752 sq ft lot. Step inside to discover a bright and open floor plan with high ceilings, abundant natural light, and a seamless flow between living areas. The spacious living room provides a welcoming atmosphere for relaxing or entertaining. The kitchen features ample cabinet storage, sleek countertops, and a convenient breakfast nook overlooking the backyard—ideal for enjoying your morning coffee or a casual meal. The adjoining family room makes it easy to stay connected while cooking, offering comfort and versatility for everyday living. The exterior is equally inviting, with mature landscaping, a spacious backyard, and a patio perfect for outdoor dining or relaxing under the Florida sun. Additional highlights include a two-car garage, inside laundry room. Built in 1994, this home has been thoughtfully cared for, offering a solid foundation with timeless charm and practical updates. Location is everything, and this property delivers! Andover Lakes is known for its well-kept streets, family-friendly atmosphere, and proximity to excellent schools, shopping, and entertainment. Enjoy easy access to Waterford Lakes Town Center, UCF, Downtown Orlando, and major highways such as 417, 408, and Colonial Drive, ensuring effortless commutes throughout Central Florida. Families will appreciate nearby parks, walking trails, and highly rated schools, while people benefit from the area’s accessibility and peaceful surroundings. Whether you’re buying your first home, upgrading for more space, or relocating to enjoy Orlando’s thriving lifestyle, 11121 Joel Ct offers a rare blend of comfort, convenience, and community.

Beyond its comfort and charm, 11121 Joel Ct also presents a strong rental investment opportunity.
Estimated Gross Rent (EGI): $37,200 annually
Annual Operating Expenses: $13,126 (includes taxes, insurance, HOA, and maintenance)
Net Operating Income (NOI): $24,074
Net Yield (Cap Rate): Approximately 5.61% based on a $429,000 purchase price

This return is competitive within the Orlando market, where typical cap rates range between 4–6%. Even with modest increases in property taxes, the projected yield remains near 5.5%, making this property an attractive option for hands-on investors or owner-occupants seeking long-term value. Tenant in place, so no vacancy allowance.

Don’t miss the opportunity to make this beautiful property yours.