301 RAINBOW DRIVE
About This Property
Located in the heart of Hawthorne, you'll enjoy proximity to some of North Central Florida's most sought-after outdoor destinations, including Orange Lake and Lochloosa Lake, known for boating, fishing, and wildlife. You're approximately 25–30 minutes to Gainesville, 35–40 minutes to Ocala, and about 1.5 to 2 hours to St. Augustine and Florida's Atlantic beaches.
With flexible zoning that allows for site-built or mobile homes, this property is well-suited for a primary residence, weekend retreat, or investment opportunity. A corner lot has accessibility and layout options, while the existing clearing reduces upfront site prep costs.
If you've been looking for a manageable homesite with character, location, and flexibility-this one checks the boxes.
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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 |
|---|---|---|---|
| Apr 7, 2026 | Listed by ANSON PROPERTIES LLC | $12,000 | |
| Listed by ANSON PROPERTIES LLC | |||
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Aug 27, 2023 | Listed by LOKATION | $7,500 | |
| Listed by LOKATION | |||
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Two adjacent lots in a nice area.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017