4030 N LASSO TERRACE
About This Property
The kitchen provides generous cabinet storage, white cabinetry, laminate-style countertops, and a functional work area with a range, dishwasher, microwave, refrigerator, and sink positioned near a window. The adjacent dining and kitchen area offers ample room for everyday meals and household activities. Bedrooms feature wood-look flooring, multiple windows, and ceiling or overhead lighting, creating bright and comfortable living spaces. Bathroom finishes should be confirmed through the full listing and seller-provided information.
Outside, the property sits on a spacious residential lot with a large grassy yard, mature trees, established landscaping, and multiple detached storage/outbuilding structures. The aerial view shows substantial open yard space surrounding the home, along with a paved road frontage and driveway area. The property offers useful outdoor storage and plenty of room for future landscaping, recreation, or other residential uses. No pool or attached garage is visible in the provided photos.
No HOA is associated with the property, providing flexibility without community association restrictions or fees.
Located in the Hernando area of Citrus County, the home offers convenient access to local roads, shopping, dining, recreation, and nearby communities, while also placing residents within reach of the area's abundant natural surroundings and outdoor recreational opportunities. Seller is offering a $5,000 concession towards buyer's closing costs, rate buydown or similar buyer choice.
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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%.
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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