1345 E RAY STREET
About This Property
No flood insurance required, no HOA fees!
Aerial photos show approximate property outlined in red.
Seller is also selling property adjacent to this on the corner, photos show approx outline in Blue (address 1295 Ray St MLS#TB8537392) purchase both to secure almost 7.5 acres!
Close in proximity to Citrus Hills Country Club! This spacious parcel gives you the opportunity to enjoy the natural beauty and laid-back lifestyle of Citrus County while remaining within reach of shopping, dining, outdoor recreation, and the surrounding communities.
Whether you're looking for land to hold as an investment or searching for a larger homesite with room to spread out, this property is worth exploring.
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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%.
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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.
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About Hernando
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Currently no similar homes aroundNearby Rentals
$2,100 /mo
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$1,900 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017