2918 W Redgate Drive
About This Property
With no HOA fees, you'll enjoy added flexibility while still being convenient to shopping, dining, schools, medical facilities, parks, and local golf courses. Citrus County offers abundant outdoor recreation, including freshwater springs, biking trails, and access to the Gulf Coast, making it a desirable area for both full-time residents and seasonal homeowners.
Buyer to verify lot dimensions, utilities, zoning, and building requirements with the 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017