51 Palm Drive
About This Property
The home features 1,296 square feet of heated living space, including multiple porches-both open and screened-great for enjoying Florida's outdoor lifestyle year-round. A new metal roof was installed in 2022.
One of the standout features of this property is the impressive 40x28 steel arch-style building/pole barn. This versatile structure is equipped with electric, multiple outlets for tools and equipment, and automatic roll-up doors in both the front and back. Store boats, RVs, vehicles, or run a workshop or hobby space. In addition, the property includes a carport, detached storage building, and chain-link fencing, offering even more storage options.
Located just minutes from the Withlacoochee River, Goethe Forest, Lake Rousseau and the Gulf, you'll enjoy easy access to fishing, boating, hunting, biking and kayaking while still having the privacy of a spacious acre in a quiet setting.
If you're looking for a move-in ready home with land, major outbuildings, and room to live, work, and play-this one checks all the boxes.
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017