97 NW SPARROW ROAD
About This Property
Property sits in a quiet, fast-growing area surrounded by natural beauty, just minutes from Rainbow Springs, fishing, boating, and outdoor recreation. Easy access to US Hwy 41 makes commuting to Dunnellon, Ocala, and Gainesville convenient. Home is currently under construction-show with confidence. Please verify room measurements, completion timeline, and buyer incentives.
Please read realtor remarks for location
Step inside to a bright, open-concept floor plan designed for easy living and effortless entertaining. The split layout ensures privacy, featuring a spacious primary suite with a stylish en-suite bathroom including a double vanity and a walk-in shower. The secondary bathroom is thoughtfully designed with dual sinks and a tub/shower combo-perfect for busy mornings or unwinding after long days.
A dedicated rear utility room provides washer/dryer hookups and extra storage, adding to the home's everyday functionality.
With its ideal location, modern finishes, and unbeatable value, this brand-new home in Rainbow Park is a rare find. Construction is underway-secure it now before it's gone!
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by HOMERUN REALTY | $219,990 | |
| Listed by HOMERUN REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017