5662 NW 40TH PL
About This Property
Step through the elegant glass-insert front door and immediately appreciate the home's upscale finishes, including crown molding, tray ceilings, tall baseboards, and an open-concept layout designed for comfortable living and entertaining. The spacious living area is highlighted by a beautiful custom built-in entertainment center, creating a stylish focal point for the home.
The chef-inspired kitchen is loaded with upgrades, featuring granite countertops, abundant cabinet space, recessed lighting, and an oversized floating island with seating for family and guests. Just off the kitchen, the laundry room offers additional storage and is pre-plumbed for a utility sink.
The split-bedroom floor plan provides privacy for the spacious primary suite, complete with tray ceilings, abundant natural light, a custom built-in closet system, dual vanities with granite countertops, ample storage, and a large walk-in shower. The guest bedrooms are conveniently located near a beautifully appointed guest bath featuring a granite vanity and tub/shower combination.
Enjoy Florida living year-round from the enclosed lanai, offering the perfect space to relax, entertain, or enjoy your morning coffee while overlooking the backyard. Additional highlights include a water softener system, upgraded flooring throughout the main living areas, and pride of ownership at every turn.
Ocala Preserve offers an exceptional lifestyle with resort-style pools, fitness facilities, golf, scenic walking and biking trails, parks, dining, and a beautiful 7-acre lake. Conveniently located near the World Equestrian Center, HITS, shopping, dining, and the charm of downtown Ocala, this move-in-ready home offers the perfect blend of comfort, convenience, and community living.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$345,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by KELLER WILLIAMS GAINESVILLE REALTY PARTNERS | $355,000 | |
| Listed by KELLER WILLIAMS GAINESVILLE REALTY PARTNERS | |||
| Aug 9, 2025 | Price Decreased |
$385,000
↓ $11K
(2.8%) | |
| Price Decreased | |||
| Mar 1, 2025 | Price Decreased |
$395,900
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Nov 27, 2024 | Price Decreased |
$397,900
↓ $2K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017