7131 NE 138TH TERRACE
About This Property
Built in 2016, the home welcomes you with soaring 10-foot ceilings, elegant crown molding, tray ceilings, decorative wood ceiling accents, and oversized windows that fill the interior with natural light. The spacious open floor plan is designed for both everyday living and entertaining, featuring a large living room with sliding glass doors and transom windows overlooking the expansive rear deck. The well-appointed kitchen is the heart of the home, offering abundant cabinetry, stone countertops, two walk-in pantries, generous prep space, and a large dining area ideal for family gatherings or hosting guests.
The private owner's suite serves as a relaxing retreat with a spacious walk-in closet, additional storage cabinetry in the bathroom, and an oversized walk-in shower. Ample closet space throughout the home provides exceptional storage, while the oversized laundry room-with its own exterior entrance-adds everyday convenience. Outdoor living is equally impressive with expansive front and rear decks perfect for enjoying peaceful mornings, entertaining friends, or watching the abundant wildlife that frequents the property. Covered parking accommodates two vehicles, while an additional covered structure provides ample space for an RV, boat, camper, or large trailer. A separate storage shed offers convenient space for lawn equipment, tools, and outdoor gear. Adding tremendous value, the home is being sold fully furnished, including furniture, decor, kitchenware, countertop appliances, washer, dryer, and an additional freezer-making it truly move-in ready or ideal as a turnkey second home.
Located in Levy County, you'll enjoy the benefit of lower property taxes while remaining close to many of North Central Florida's most desirable destinations. Spend weekends exploring Devil's Den Prehistoric Spring, Blue Grotto Dive Resort, Cedar Key, Goethe State Forest, Rainbow Springs State Park, and nearby natural springs, or enjoy shopping, dining, healthcare, and entertainment in Gainesville and Ocala. The University of Florida, UF Health, HCA Florida North Florida Hospital, the World Equestrian Center, and historic downtown Ocala are all within an easy drive, offering the perfect combination of rural tranquility and modern convenience. If you've been searching for a home with acreage, a fully furnished country home, property with RV parking, or a peaceful North Central Florida retreat that keeps you close to city amenities, this property is one you won't want to miss.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017