4428 N Forest Lake DRIVE
About This Property
Withlacoochee State Trail is a 46-mile long paved, multi-use, non-motorized rail trail in Florida located in Citrus, Hernando and Pasco counties. It follows along the Withlacoochee River and passes through the Withlacoochee State Forest. It is the longest paved rail trail in Florida, shaded by majestic grandfather oaks and native tropical palms, and cooled by refreshing Gulf breezes.
Citrus Hills homesites are nestled among gently rolling . The diverse collection of neighborhoods are carefully planned to enhance this area's amazing natural beauty. Each of the distinct Citrus Hills communities has a style and spirit all its own.
Zoning is LDR
The Citrus Hills area offers an incredible diversity of lifestyle selections: Country Club style, Retirement and Family oriented communities. Near perfect weather, pristine natural beauty, gorgeous homes and amenities galore combine to make the Citrus Hills communities into what can best be described as paradise.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| Feb 21, 2024 | Price Decreased |
$46,000
↓ $5K
(9.8%) | |
| Price Decreased | |||
| Apr 30, 2023 | Listed by GAILEY ENTERPRISES REAL ESTATE | $51,000 | |
| Listed by GAILEY ENTERPRISES REAL ESTATE | |||
| Sep 20, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017