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4164 DELTONA BLVD
About This Property
Situated in a desirable residential area, this property offers convenient access to nearby schools (approximately 1.86-1.93 miles), local parks (1.91 miles), supermarkets including ALDI (2.01 miles) and Target Grocery (1.95 miles), shopping at Mariner Commons (2.08 miles), and medical facilities such as hospitals (2.01 miles) and doctors (1.75 miles).
The lot is located in Flood Zone X, indicating minimal flood risk outside the 100-year and 500-year floodplains with no mandatory flood insurance typically required. However, the presence of regulated Freshwater Marshes wetlands (Code 6410) may significantly restrict or prohibit development on portions of the lot.
Zoned PDP(SF) Planned Development Project - Single Family district, the property supports low-density residential use including single-family detached homes by right. Manufactured/modular homes are allowed subject to standards. Duplexes, townhomes, multifamily, apartments, and mobile home parks are generally prohibited or require rezoning/conditional approval. Buyer should verify all zoning, setbacks, utility availability, wetlands delineation, and development requirements with the Hernando County Planning Department.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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.
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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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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017