22232 NW 242nd STREET
About This Property
Adjacent to this expansive lot, an additional parcel awaits, presenting the rare chance to expand your holdings to a total of 3 acres, providing ample space for your vision to unfold. Imagine the potential for creating your own private oasis or developing a lucrative investment portfolio in this thriving region.
The allure of Okeechobee County extends beyond its borders, with The Kissimmee River Preserve State Park beckoning just west of this area. Here, you'll discover a haven for outdoor enthusiasts, with the majestic Kissimmee River meandering through the landscape, offering unparalleled opportunities for fishing, hunting, and exploring the great outdoors.
Famed for its exceptional fishing grounds, the Kissimmee River flows into the renowned Lake Okeechobee, ensuring endless adventures for anglers seeking their next big catch. Whether you're drawn to the thrill of fishing, the excitement of hunting, or the exhilaration of mudding, this region caters to all your outdoor pursuits.
Embrace the freedom to live life on your terms, with manufactured homes permitted on the property, providing flexibility and affordability for those seeking a customized living space. Whether you're seeking a private retreat or an investment opportunity, this parcel offers the perfect canvas to bring your dreams to life.
Don't miss your chance to own a slice of paradise in Okeechobee, where the beauty of nature meets the convenience of modern amenities. Seize this opportunity to make your mark in one of Florida's most sought-after destinations.
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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