2524 W Cypress DRIVE
About This Property
Located near Lake Rousseau and close to the Rainbow River and KP Hole, this property puts you within reach of Central Florida's many outdoor attractions. Enjoy fishing, boating, kayaking, tubing, and exploring Florida's natural beauty, with Ocala and I-75 nearby and connections to Gainesville, Tampa, and Orlando.
Explore the potential to divide the property into individual building lots, subject to county approval, or keep the acreage together and create your own private retreat. Whether you're looking toward future development or searching for room to build your dream home, this property offers space and possibilities in an area that continues to grow!
Buyer to verify zoning, subdivision potential, utilities, and building requirements with Citrus County.
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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