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3581 LEMA DRIVE
About This Property
Whether you are planning a personal residence, a spec build, or simply securing land in a growing area, this is the kind of lot that is easy to overlook-until it is no longer available. No HOA. No CDD. Gopher tortoise survey completed. Bring your plans and start with a clearer path forward. Buyer to verify zoning, dimensions, building requirements, utilities, and all information material to Buyer's intended use.
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Cap Rate Calculator
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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Property Highlights
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Price/ft²
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About Spring Hill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,600 /mo
- 4 Beds
- 2 Baths
- 1,889 ft²
$1,650 /mo
- 2 Beds
- 1 Bath
- 1,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017