7356 Happyface STREET
About This Property
Discover this 0.23-acre vacant lot in the tranquil Sun N' Lake Estates of Sebring, FL, offering a perfect mix of natural beauty and modern convenience. Just 15 minutes from downtown Sebring and an hour from Lakeland, this wooded lot provides easy access to Sun N' Lake and Lake Granada, making it ideal for outdoor enthusiasts.
This lot is zoned for Single Family Residential (R-1), perfect for building your custom home with a minimum size of 750 sq. ft. The property is unrestricted by HOA regulations, with only a modest yearly assessment fee of approximately $160.97. Utilities will require a well and septic system, with electric services available through Glades Electric Cooperative.
With low annual property taxes of $86.39, this land is an excellent investment opportunity. Whether for families, investors, or those seeking a serene retreat, this property is ready for development and waiting for you to build your dream.
TO FIND THIS PROPERTY, put these exact coordinates into your GPS system: 27.534575, -81.539667
We recommend downloading LandGlide on your phone in order to help find the exact property lines. ALL DUE DILIGENCE IS THE RESPONSIBILITY OF THE BUYER/BUYER'S AGENT.
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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 Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017