8645 SW 88th Loop
About This Property
On Top of the World "OTOW" is a Leader in the Retirement Community. It is Pet Friendly, has LOW HOA Fees and Provides a Magnitude of Recreational Activities & Amenities including Gated Community with Guards 24/7, Clubhouses, 3 Golf Courses, Driving Range, Practice Facility & Pro Shop, Restaurants with Full Service Bars, Recreation & Fitness Centers, Indoor & Outdoor Swimming Pools, Jacuzzi, Sauna, Steam Room, Live Entertainment, Dancing, "Doggie" Happy Hour, Tennis, Basketball & Pickleball Courts, Softball Field, Private Flying Field w/RC Planes, Remote-Control Airplane Field & Car Track, RV Parking, Bus (Courtesy), Archery Club, Billiard Room with Tournament Pool Tables, Horseshoe, Miniature Golf, Arcade, Hobby Building, Art Studios, Wood Working Shop, Card Rooms, Library, Education Center, Arbor Club, Ballrooms & Meeting Rooms Available for Rental at No Cost to Residents.
Over 175 Organized Clubs, Wide Selection of Community Activities, Events & Classes Offered Daily Will Keep You Busy & Socially Active. Minutes from the World Equestrian Center, Hospitals, Medical Professionals, Theaters, Hwys and Downtown Ocala.
Ocala/Marion County is officially named the "Horse Capital of the World®" A testament to the County's unique involvement in all things equestrian and its record of producing some of the finest champions.
*** INVESTORS: There is No wait to Lease after Closing. May lease 6 months and one week Furnished or one (1) year lease Unfurnished.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Price Decreased |
$255,900
↓ $7K
(2.5%) | |
| Price Decreased | |||
| Nov 17, 2023 | Price Decreased |
$262,500
↓ $12K
(4.4%) | |
| Price Decreased | |||
| Oct 27, 2023 | Price Increased |
$274,500
↑ $19K
(7.3%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017