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15620 HAYS ROAD, Spring Hill, FL, 34610
Fully Fenced Two-Home Country Retreat

15620 HAYS ROAD Spring Hill, FL 34610

New
For Sale
$624,900

Two homes on fully fenced acreage with no HOA and agricultural zoning, offering flexible rental and homestead configurations.

Property Size3,048 SF
Price / SF$205.02
Days on Market7

Property Features for 15620 HAYS ROAD

General Information

Standard status
Active
Size
3,048 SF
Property subtype
Duplex

Building Details

Year Built
1991
Listing Agency: FUTURE HOME REALTY INC
Listed By: Esther Reyes-Todd, PA · License #701013
Source: Miharaandassociates
Added: Jul 18 Changed: Jul 23 Last Checked: Jul 23 at 5:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FUTURE HOME REALTY INC


Investment Insights

Based on property information with market context.

This fully fenced country retreat on a corner lot includes two separate residences with a combined heated living area of approximately 3,048 square feet and no HOA. The custom-built 2,088 SF concrete block home features three bedrooms, two bathrooms, an oversized two-car garage, spacious living areas, a wood-burning stone fireplace, a split-bedroom floor plan, a heated and cooled sunroom, and a screened patio with a hot tub that conveys. Additional interior highlights include an indoor laundry room, pantry, breakfast bar, and wood-look tile flooring throughout, along with multiple fenced areas that can support pets or livestock.

A 960 SF manufactured home built in 2006 adds further flexibility as a guest house, in-law suite, ADU, private residence, or income-producing rental. It has two primary bedrooms with en-suite bathrooms and expansive closets, a full kitchen, spacious living and dining areas, indoor laundry, and a separate electric meter. Recent improvements include new AC (2025), a new electrical panel (2025), and a new septic and drainfield for the manufactured home (2025), along with a new barn metal roof (2024) and wood-look tile flooring throughout the single-family home.

Outside, the property is set up for work and recreation with a 24x28 double-wide carport with enclosed sides, a barn, a storage shed with partially finished interior, and a gazebo with solar lighting. Additional enclosed and furnished items listed as conveying include the hot tub, a big screen TV in the family room, and stainless steel kitchen appliances in the single-family home (excluding washer and dryer). The property has frontage on Hays Rd and Loma Ave, is zoned Agricultural Residential, and includes room for further development possibilities subject to county zoning and land use requirements.

Key Highlights

  • Two homes on fully fenced 3‑acre property with no HOA and Agricultural Residential zoning
  • 2,088 SF concrete block home (built 1991): 3 beds, 2 baths, oversized 2‑car garage, heated/cooled sunroom, screened patio with hot tub
  • Wood‑burning stone fireplace and split‑bedroom layout in the 2,088 SF home; wood‑look tile flooring throughout

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $53.0k $17.40
− Vacancy −$3.4k −$1.13
EGI $49.6k $16.27
− OpEx −$14.9k −$4.88
NOI $34.7k $11.39
3,048 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.5K (±1% cap)
NOI $34,712 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$460.2K
$402.7K – $536.9K (±1% cap)
NOI $32,215 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$974.5K
$852.7K – $1.14M (±1% cap)
NOI $68,216 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Auto Parts Store HVAC Service Electrical Service Pharmacy Garden Center Spa & Massage Center Carpet & Flooring Store Skin Care Clinic Kitchen & Bath Showroom Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two homes on fully fenced acreage with no HOA and agricultural zoning, offering flexible rental and homestead configurations.
Where is this duplex located?
The property is located at 15620 HAYS ROAD Spring Hill, FL.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two homes on fully fenced 3‑acre property with no HOA and Agricultural Residential zoning; 2,088 SF concrete block home (built 1991): 3 beds, 2 baths, oversized 2‑car garage, heated/cooled sunroom, screened patio with hot tub; Wood‑burning stone fireplace and split‑bedroom layout in the 2,088 SF home; wood‑look tile flooring throughout
More about this property
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