1635 N Arkansas Terrace
About This Property
Located in Hernando, FL, near multiple great fishing lakes, the Gulf of Mexico, and beautiful nature hiking/biking trails. Within walking distance of Lake Hernando. The home has a carport, covered lanai, laundry room, and shed. Storage room with lots of space for your extras. The Withlacoochee bike trail is just around the corner from this home. THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK!
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Price Decreased |
$94,900
↓ $25K
(20.9%) | |
| Price Decreased | |||
| Oct 3, 2025 | Listed by Tropic Shores Realty | $119,900 | |
| Listed by Tropic Shores Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017