19997 SE 111th Terrace
About This Property
Outside, the back enclosed work area (11x11) and screened porch, a carport, storage shed (40x8), lean-to (12x20), pole shed (20x12) and chain-link fencing. An added bonus is the additional well and septic hookup located on the property, providing added utility and potential for a future owner. Parcel could potentially split to place a second residence for rental income or personal use- subject to county regulations.
Outdoor recreation and everyday conveniences are both within easy reach! Lake Rousseau, Gulf fishing, and nearby boat ramps offer plenty of opportunities for boating, fishing and kayaking. Take a look at the aerial photos to see the location of the home and lake.
The town of Inglis provides convenient local amenities, while Dunnellon and Crystal River are just a short drive away. Tampa General Hospital is approximately 12 miles away. The planned Suncoast Parkway extension will bring SR 589 even closer to the area, with the future connection approximately 11 miles away and construction currently expected to be completed around 2030 - providing another convenient route toward the Tampa area. Whether you're looking for a full-time residence, seasonal getaway, or a home base for your outdoor adventures, this property offers a great combination of space, convenience and Nature Coast living.
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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