45338 AMERICAN DREAM Drive
About This Property
Don't miss this rate opportunity to own approximately 1 acre in a beautiful, established subdivision in popular Callahan, Florida! This is the very last lot available in this small, unique neighborhood surrounded by beautiful homes-making it the perfect place to build the home you've always dreamed of. Enjoy the peaceful setting while still being conveniently located near shopping, restaurants, schools, and everyday necessities. The back portion of the property features a stocked fish pond, adding a wonderful touch of nature and creating the perfect setting to relax, fish, and enjoy the outdoors. Last lot available-bring your plans and make this special property yours!
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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