8
Map
1242 W Redding STREET
About This Property
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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 |
|---|---|---|---|
| May 15, 2026 | Listed by TROPIC SHORES REALTY LLC | $557,500 | |
| Listed by TROPIC SHORES REALTY LLC | |||
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Price Decreased |
$44,900
↓ $5K
(10%) | |
| Price Decreased | |||
| Dec 20, 2025 | Listed by Berkshire Hathaway Homeservice | $49,900 | |
| Listed by Berkshire Hathaway Homeservice | |||
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Build your dream home on this 1-acre residential parcel located in the desirable Emerald Estates of Citrus Hills in Hernando, Florida. This beautiful community features mature landscaping, a peaceful setting, and low HOA fees. The property is not located in a flood zone, offering added peace of mind and potential insurance savings.
Conveniently situated near championship golf courses, shopping, dining, medical facilities, and recreational amenities. Enjoy the perfect balance of quiet Florida living with easy access to everyday conveniences. Located in one of Citrus County’s most sought-after communities, great area for custom home construction.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017