116 LANCASTER Street
About This Property
Located in a peaceful setting yet conveniently under 45 minutes from both the University of Florida and Ocala, and just 1 hour to historic St. Augustine, it's the perfect balance of country tranquility and city access. Great local lenders are available to fast-track your build. Don't miss this opportunity to create your own Florida retreat!
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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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 28, 2025 | Price Decreased |
$9,900
↓ $5K
(33.6%) | |
| Price Decreased | |||
| Jun 17, 2025 | Price Decreased |
$14,900
↓ $15K
(50.3%) | |
| Price Decreased | |||
| Apr 30, 2025 | Listed by Maxim LLC | $30,000 | |
| Listed by Maxim LLC | |||
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