121 ARDMORE CIR
About This Property
Situated in a desirable area, this property offers convenient access to Banyan Village (approximately 1.41 miles), highways (1.58 miles), and Moss project (1.77 miles). The lot is located in Flood Zone AH, indicating a 1/100 annual chance of shallow flooding (typically 1–3 feet deep) from ponding. This requires elevating the lowest floor above the base flood elevation (BFE) per local regulations, obtaining a floodplain development permit and possibly an elevation certificate, mandatory flood insurance for federally backed mortgages, and potential drainage improvements or other mitigation to comply with building codes. No wetlands are present near the property, allowing full lot utilization. Zoned RG-3 in the Hendry County jurisdiction (Banyan Village area). Typical RG districts often allow single-family homes by right; duplexes, modular homes, or limited multifamily may be conditional. Buyers should verify zoning, setbacks, utility availability, and development requirements with Hendry County Planning & Zoning. 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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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 |
|---|---|---|---|
| Oct 9, 2025 | Listed by Sunland Real Estate, LLC. | $30,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Dec 21, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017