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583 Spring Hill Lake Loop
About This Property
Enjoy upscale finishes throughout, including 42-inch cabinetry, granite countertops, stainless steel appliances, eight-foot interior and exterior doors, upgraded base moldings and casings, and elegant tray ceilings. This home sits on a prime lakefront lot, offering tranquil water views and a peaceful backyard setting.
Stonewater provides residents with resort style amenities, including a sparkling community pool, modern fitness center, children's play area, and both tennis and pickleball courts – all within a secure, gated community environment.
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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 4, 2026 | Price Decreased |
$439,999
↓ $4K
(0.9%) | |
| Price Decreased | |||
| Aug 18, 2026 | Listed by DR Horton Realty SW FL LLC | $443,860 | |
| Listed by DR Horton Realty SW FL LLC | |||
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