717 Highway 40 E
About This Property
Set on a beautiful 1.39-acre lot, there's plenty of room to enjoy outdoor living, gardening, or future expansion.
Conveniently located near everyday essentials including hospitals, doctors, restaurants, grocery stores, and local amenities.
For those who love the outdoors, this location truly shines-close to biking along the Withlacoochee Bay Trail, hiking in the Withlacoochee Gulf Preserve, and endless opportunities for hunting in Goethe State Forest and Gulf Hammock Wildlife Management Area. Enjoy both saltwater fishing in the Gulf and freshwater fishing in nearby Lake Rousseau.
The future Suncoast Parkway extension is expected to be just minutes away, offering an easy commute toward Tampa. Plus, you're a short drive to Dunnellon and Crystal River for even more dining, shopping, and recreation options.
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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