128 SW Alvarez Road
About This Property
The kitchen connects seamlessly to the main living space and features soft close cabinetry, stainless steel appliances, modern pendant lighting, and black hardware for a sharp, updated look.
The primary suite includes dual sinks and a fully tiled walk in shower with glass enclosure. A split floor plan offers privacy from the secondary bedrooms.
Situated on a wooded homesite in Rainbow Lakes Estates with a covered lanai and solid concrete block construction. Located minutes from Rainbow Springs, the Rainbow River, Tiger Lake, and downtown Dunnellon.
Move in ready with modern finishes throughout.
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Listed by Ashlar Realty | $244,000 | |
| Listed by Ashlar Realty | |||
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Last Updated: 7 months ago
Data Source: Citrus MLS, MLS# 852250
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017