Fully Fenced Two-Home Country
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
(813) 855-4982
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.
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
NOI $34,712 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$460.2K
$402.7K – $536.9K
NOI $32,215 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$974.5K
$852.7K – $1.14M
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
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