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2466 CR 401A
About This Property
Just listed in the heart of Lake Panasoffkee-an area known for its A-rated elementary school, great local restaurants, and a beautiful spring-fed lake famous for trophy largemouth bass, bluegill, sunfish, and catfish. This location offers the perfect blend of quiet rural living with quick access to I-75, making trips to Inverness, Ocala, and The Villages a breeze.
Enjoy the true Lake Pan lifestyle with Coleman Landing Public Boat Ramp just minutes away, along with nearby marinas and some of the area's best fishing and boating spots recreation.
This property is a great investment opportunity featuring a 2-bedroom, 2-bath split-plan, front lanai, chain-link fenced backyard, NO HOA, not in a flood zone, and a large storage shed plus a newer back deck. Whether you're looking for a full-time residence, rental potential, or a weekend getaway near the lake, this home checks the boxes.
Property is being sold in as-is condition.
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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