50178 Bermont ROAD
About This Property
The property includes private marl road access...roads are not county maintained, but maintained by owners. The land elevation is between 50-60 ft. The general area consists of small farms, groves, ranchettes & undeveloped parcels owned by mostly out-of-state or county property owners. There are no deed restrictions. Citrus groves are to the west and north, outside of the subdivision. South and east are large ranches with vast pastures and scattered woodlands. A recent survey and an environmental impact study from 2022 are available upon request.
The only limitations of this land are prescribed by the AG zoning which permits all uses under the description including low-density residential (1 home per parcel), conservation, agriculture, recreation & other uses consistent therewith. It is the purpose of the agricultural districts to provide areas for the establishment and/or continuation of agricultural operations with residential uses being permitted only at very low densities and to accommodate those individuals who understand and desire to live in an agricultural environment of quiet privacy.
Golden Ranches is only 25 minutes to all the new shopping and restaurants that famous Babcock Ranch has to offer, plus A-rated schools. Come check out this hidden gem and create your own garden, build your dream home on a private homestead, or just store your toys!
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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