8606 BOYT ROAD
About This Property
Designed with horses in mind, the property features six independent stalls with attached turnouts, three additional turnout paddocks, a laser-leveled riding arena, and a large open grass riding area previously used for hunter/jumper work. Additional equestrian improvements include a vet pavilion, two wash racks, lighting and electric service at the stalls for fans, arena lighting for evening rides or lessons, and a powered feed room for daily convenience and efficient barn management.
The 3 bedroom, 2 bathroom home offers 1,674 living square feet and provides comfortable on-site living with an open kitchen featuring butcher block countertops, stainless steel appliances, updated primary bath, and durable vinyl plank, laminate, and tile flooring throughout.
Additional improvements include a 2-car carport, covered rear area, storage buildings, chicken coop, and a gas-powered generator that conveys with the sale.
Whether your focus is dressage, hunter/jumper, private boarding, or simply enjoying a horse-centered lifestyle, this is a rare chance to own a well-equipped equestrian property in Pasco County where the groundwork has already been done.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017