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1240 MEREDITH DRIVE
About This Property
The open floor plan includes formal living and family rooms, plus a kitchen with a breakfast bar and eat-in dining area. Tile flooring runs throughout, and the spacious primary bedroom offers plenty of comfort. Enjoy peaceful spring-fed pond views from the screened porch.
Additional highlights include an oversized 23' x 25' garage, alarm system, mature landscaping, a beautiful front palm tree, and a septic system reportedly serviced this year. A well-cared-for pond front home in a convenient Spring Hill location! Schedule your showing today and prepare to fall in love.
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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 |
|---|---|---|---|
| Nov 5, 2026 | Price Decreased |
$287,000
↓ $6K
(2%) | |
| Price Decreased | |||
| Oct 6, 2026 | Price Decreased |
$292,900
↓ $7K
(2.3%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by BHHS FLORIDA PROPERTIES GROUP | $299,900 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
| Nov 29, 2022 | Sold | ||
| Sold | |||
| Sep 2, 2022 | Listed by BHHS FLORIDA PROPERTIES GROUP | $284,900 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017