6191 TERN DRIVE
About This Property
This turn-key fully furnished, with all the essentials included, is in Lemon Bay Isles, Englewood, 55+ community. Updates have been done since 2023. New roof, all new vapor barrier undercarriage, subfloor and flooring, insulation and drywall, new kitchen as well as appliances and both bathrooms completely redone. Washer and dryer are stackable in laundry room.
The carport has parking for 1 under and the driveway has room for additional car(s). Large attached storage shed and a spacious screened in porch to enjoy the Florida outdoors!
Yearly Hoa fees are $50. The Lemon Bay Isles community offers a heated/cooled swimming pool and hot tub, tennis court, pickleball and shuffle court along with other outdoor and clubhouse activities.
Conveniently located to Englewood beach, Stump Pass and Manasota Key, Publix/Winn-Dixie, many restaurants and shopping are less than a mile as well as so many other amenities (Walmart, pizza, bingo, gas, bookstore, ice cream shop, Starbucks, Walgreens, etc). Come check it out today for a private viewing.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Jun 27, 2026 | Price Decreased |
$169,900
↓ $5K
(2.9%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$174,900
↓ $25K
(12.5%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by FLAT FEE MLS REALTY | $199,888 | |
| Listed by FLAT FEE MLS REALTY | |||
| Feb 13, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017