Large lot overlooking a horse pasture on two sides. It has an agricultural feel, yet located 5 minutes from Publix, Wal Mart, and great schools. Three bedroom / one bathroom mobile home, built 2005 and in very good condition. Currently occupied by great tenants.
Current rent is $900/month or $10,800/year. Expenses include real estate taxes ($1,110) and insurance ($529) resulting in a NOI of $9,161 and cap. rate of 7.7%. Use the property as a rental until you are ready to build, then sell the mobile home for additional return.