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18350 HANCOCK BLUFF ROAD
About This Property
Inside, the 4-bedroom, 2.5-bath home showcases quality craftsmanship throughout, with crown molding, elevated ceilings, architectural details, and a spacious, thoughtfully designed floor plan. The impressive living room is anchored by a floor-to-ceiling stone fireplace with built-ins, while French doors and expansive windows capture beautiful views of the property and lake.
The well-appointed kitchen features granite countertops, abundant cabinetry and workspace, a center island, built-in oven, and large windows overlooking the property. The spacious primary suite offers a tray ceiling, room for a sitting area, and an en-suite bath with dual vanities and a soaking tub surrounded by windows.
Designed with future possibilities in mind, the second floor offers the potential to add a 5th bedroom and 3rd bathroom. This additional unfinished bonus space already has A/C, insulation, and plumbing in place, providing an incredible opportunity to create a guest or in-law suite, game room, additional bedroom, or expanded living area.
The outdoor setting is truly the highlight. Relax on the back porch with your morning coffee while overlooking the lake, watch wildlife pass through the property, or entertain family and friends surrounded by the peaceful Florida landscape. With 3.43 acres, beautiful water views, privacy, and a custom-built home filled with thoughtful details, this distinctive property offers a rare opportunity to enjoy elevated country living just minutes from Dade City.
Other notable features include: 2 Year Old HVAC 5 ton unit. Additional unit original, but serviced regularly. Hardiplank siding. Spectrum fiber optic internet. Extra interior insulation on select walls. No flood insurance required. High & Dry Land.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017