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Lake Pickett Rd
Orlando, FL 32820
Asking Price
$3.50M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 6.1 acres <ul><li>Fully Approved Construction Plans (Orange County)</li><li>Utilities Approved with Engineering Fees Paid (OCU)</li><li>Plans Fully Released – Ready for Immediate Site Work</li><li>Shovel-Ready Status – Minimal remaining steps to commence development</li><li>Located within Gated Community with Full Amenity Access</li><li>Exempt from Standard HOA Dues & Architectural Review (Seller Rights)</li><li>Premium Water-Oriented Lot Mix – 3 lakefront lots + additional pond-adjacent homesites<
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.39
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,311.143
Annual Cash Flow
$-127,733.715
