6989 N TAMARIND AVENUE
About This Property
The land features a mix of cleared and wooded areas, offering both open space and natural beauty. A scenic wetland buffer on the western boundary enhances privacy and provides a peaceful, natural setting. Despite its quiet, rural feel, this property is just minutes from downtown Inverness, with easy access to US-41, the Withlacoochee State Trail, Lake Tsala Apopka, shopping, dining, and outdoor recreation. Utilities will require well and septic, with electricity available nearby.
Whether you're looking for a private homestead, an agricultural retreat, or a solid investment, this versatile acreage offers a rare opportunity in the growing Citrus County area. Schedule a visit today to explore its full potential!
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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 18, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$119,900
↓ $10K
(7.7%) | |
| Price Decreased | |||
| Mar 15, 2025 | Listed by LANDSHARK REALTY | $129,900 | |
| Listed by LANDSHARK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017