20
Map
1 TOMAHAWK AVE
About This Property
The lot is located in Flood Zone X, a low-risk area outside the 100-year and 500-year floodplains, with no wetlands present, allowing for full lot utilization without environmental buffers or mitigation requirements.
Zoned R1B Single Family Residential District, the property supports low-density residential use, including single-family detached homes by right. Modular homes are allowed if compliant with Florida Building Code. Accessory Dwelling Units (ADUs) may be permitted as accessory uses with conditions. Mobile/manufactured homes and communities, duplexes, townhomes, multifamily apartments/condos are prohibited.
Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Hernando County Planning Department. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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Cap Rate Calculator
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 29, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | Listed by Sunland Real Estate, LLC. | $45,000 | |
| Listed by Sunland Real Estate, LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017