7112 N Gladstone Drive
About This Property
PUBLIC WATER is available, and electrical utilities are NEARBY, helping to streamline your building process. With NO MANDATORY HOA fees, you'll enjoy the freedom to design and build to your preferences.
Even better, the ADJACENT LOT at at 969 W. Glenhaven Drive in Citrus Springs, Florida is also available for purchase....combine both parcels for a total of approximately 0.61 acres, creating an oversized homesite with endless possibilities.
Conveniently located near golf courses, parks, schools, shopping, dining, and outdoor recreation, this is a fantastic opportunity to build now or invest for the future. Don't miss your chance to secure your corner of Florida 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.
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About Citrus Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017