38473 Washington Loop ROAD
About This Property
Once you come through the gated entrance you go down 800 feet of crushed shell drive until you get to the barn/garage which was put up in 2020. It is built to withstand winds of 175 mph and did very well in hurricanes Ian, Helene, and Milton and did not experience flooding. The barn comes with tools and equipment such as a Rototiller, a zero turn mower and a 5'x8' utility trailer! The barn also has an insulated, A/C break room that has all you need for your break from gardening to grab a cold drink, have something to eat or watch TV. It is comfortably appointed and fully stocked and has a 2 year supply of emergency food, an empty gun cabinet, sleeper sofa, table & chairs, refrigerator, sink & toilet area as the owner had public water hooked up & run to the property and a septic system! There's an ARTESIAN well (no electric needed for that water!) And this ready to go, functional farm has new field fencing & posts all around, plus a corral and cattle shoot.
There is an overgrown trail that leads to the flowing brackish waters of Shell Creek, which meanders through the back of the property and includes a small dock and canoe for your nature exploring adventures. Shell Creek leads to the Peace River and the Charlotte Harbor. There are two boat launches nearby as well for your convenience.
Build your ideal home or bring your RV to hook up. The property is set up to be OFF grid. The building area of this lot is not in the flood zone and it's not in the Scrub Jay protected area so you don't have that expensive extra fees when building.
This diverse farm offers a mix of open pastures, provides ample gardening space (60'x40'), a small fruit orchard including a variety of young trees such as mango, pineapple, lemon and more and cleared pasture area of about 4 acres in the front and 3 acres in the back all with new field fencing with barbed wire.
The farm is an ideal setting for those looking to embrace a more sustainable lifestyle, fulfill the desire of gardening & farming, have some adventurous days while still being close to modern conveniences. Please view VIEDO of property.
It is close to I-75 and about 6 miles to downtown Punta Gorda.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017