1488 Algood Road
About This Property
Nestled in a gated area just minutes from shopping, dining, and essential services, this 5-
acre parcel offers the perfect blend of seclusion and convenience. Whether you're looking for a
serene place to build your dream home or an investment opportunity with potential, this property
delivers.
The land features an existing well and septic system, providing a head start for future
development. Previously home to two mobile residences, the units remain on-site and are now
considered storage sheds - their condition is unknown and sold as-is. Surrounded by mature
trees and natural Florida beauty, this parcel invites you to bring your vision to life in a peaceful,
private setting.
Don't miss your chance to own a spacious slice of land with infrastructure already in place - all
tucked away in a location near town.
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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 |
|---|---|---|---|
| Sep 11, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Relisted | $125,000 | |
| Relisted | |||
| Jul 16, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Keller Williams Realty - Elite Partners | $125,000 | |
| Listed by Keller Williams Realty - Elite Partners | |||
Property Highlights
Building Info
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About Hernando
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Last Updated: 2 years ago
Data Source: Citrus MLS, MLS# 846279
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Address: 335 Madison Avenue, New York, NY 10017