0 Ray DRIVE
About This Property
Lot 78 & 79
Own a piece of paradise with this pair of Waterfront Residential Building Lots in the AE flood zone with Direct Access to the Weeki Wachee River and the Gulf of Mexico. Be sure to kayak on the river to Hospital Hole where manatee frequent. Located in the small community of Weeki Wachee Gardens. Great fishing and lots of great restaurants nearby. Also Roger's Park is right around the corner where you can enjoy a day of soaking up the sun or swim in the Weeki Wachee River. Just down the road are Linda Petersen Park and Jenkin's Creek.
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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 |
|---|---|---|---|
| Sep 16, 2021 | Sold | ||
| Sold | |||
| Jul 1, 2021 | Listed by PALMWOOD REALTY INC | $190,000 | |
| Listed by PALMWOOD REALTY INC | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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PALMWOOD REALTY INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# W7835256
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017