106 13TH AVENUE
About This Property
Pass-a-Grille is not just a location; it's a lifestyle. With a history dating back to the late 1800s, this charming enclave is known for its quaint streets, vibrant arts scene, and breathtaking sunsets over the Gulf of America. It offers a unique blend of serene residential living and delightful local attractions. With easy interstate access, just minutes from downtown St Petersburg and 30 minutes to Tampa International, this area is ideal for those seeking either a primary residence or a second home.
Imagine creating a custom-built beach haven that perfectly fits your vision, surrounded by the natural beauty and rich heritage of Pass-a-Grille. In addition to enjoying this as your private sanctuary, consider the lucrative rental potential offsetting annual expenses, as this desirable location appeals to visitors year-round.
Embrace the opportunity to design your perfect beach retreat in a community that celebrates both history and coastal living. Whether you're watching the waves roll in or exploring the vibrant local scene, this property offers limitless potential in one of Florida's most beloved beach towns.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017