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2887 RAIN LILY LOOP
About This Property
Recent upgrades give you peace of mind: brand-new A/C installed in 2026, water heater replaced in 2022, and a new roof negotiable, the seller is flexible! The bond is PAID, which means no surprises and lower monthly costs for the new owner.
Enjoy Florida living at its finest in the spacious screened lanai and birdcage, perfect for morning coffee, evening cocktails, or relaxing while the golf carts roll by. The open floor plan flows effortlessly from the great room into the kitchen, ideal for entertaining family and friends.
Located in the heart of The Villages, you're just a short golf cart ride from town squares, restaurants, shopping, pools, and all the amenities this world-famous community has to offer. The monthly amenities fee of approximately covers access to all the lifestyle The Villages is known for.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2026 | Listed by SOUNDINGS, LLC | $450,000 | |
| Listed by SOUNDINGS, LLC | |||
| May 29, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017