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3685 142ND TERRACE E
About This Property
Located in Twin Rivers, one of Parrish's most loved communities, this home gives you the best of both worlds: brand-new construction with the space, natural beauty, and peaceful feel Twin Rivers is known for. Think larger homesites, mature trees, quiet streets, community boat ramp access to the Manatee River, playgrounds, walking trails, and that neighborhood feel that is getting harder and harder to find.
Inside, the Santa Fe offers incredible flexibility with room for everyone. Whether you need space for guests, a home office, a playroom, multigenerational living, or just room to spread out, this floor plan delivers. With construction completed and quick move-in availability, this home is ready for its very first owners.
Even better, M/I Homes is currently offering incredible financing opportunities, including promotional 30-year fixed LOW interest rates on FHA, VA, and Conventional loans for qualified buyers. There are also special rate promotions available for second home and investment buyers.
The builder is also offering $10,000 toward closing costs when using the preferred lender, making this an amazing opportunity to get into a brand-new home in one of Parrish's most sought-after communities with strong incentives in place.
Builder incentives, financing programs, interest rates, and availability are subject to change without notice and may vary based on buyer qualifications, loan type, and use of preferred lender.
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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 |
|---|---|---|---|
| Aug 29, 2026 | Relisted | $769,999 | |
| Relisted | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Price Decreased |
$769,999
↓ $8K
(1%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$777,999
↓ $22K
(2.8%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by INNOVATE REAL ESTATE | $799,999 | |
| Listed by INNOVATE REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017