10997 87TH AVENUE
About This Property
A quaint front porch welcomes you in and sets the tone for the inviting feel throughout the home. Inside, plantation shutters in the living room and kitchen allow natural light to fill the space while adding a polished touch. The living room and dining room combination creates an open flow that feels both comfortable and functional, with the kitchen conveniently located just off the dining area. The kitchen features stainless steel appliances and a layout designed for everyday ease.
Both bedrooms offer comfortable space and are ideally situated near the bathroom for added convenience. Step outside to enjoy your private backyard where a large pavered patio creates the perfect setting for grilling, entertaining, or simply relaxing outdoors.
The location adds to the appeal. Just five minutes from Seminole City Center, you will have easy access to shopping, dining, and entertainment. The Gulf beaches are only a short drive away, making beach days effortless, and nearby parks along with the Pinellas Trail provide plenty of opportunities for biking, walking, and enjoying the Florida lifestyle.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Apr 6, 2026 | Relisted | $325,000 | |
| Relisted | |||
| Mar 28, 2026 | In contract | - | |
| In contract | |||
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About Seminole
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017