11029 91st AVENUE
About This Property
Key updates and maintenance have been meticulously addressed, providing peace of mind with a recently completed clean 4-point inspection. Updates include a new roof in December 2020, freshly painted interior in 2024 and exterior in 2021, AC installed in 2017, and new interior doors, fixtures, and window blinds in 2024.
Conveniently located near Seminole's amenities, including award-winning beaches, boat ramps, Lake Seminole, Waterfront Park, kayak launch, Seminole City Center's First Friday events, USPS, Rec Center (free membership), Library, and St. Petersburg College. This move-in-ready home comes with no HOA fees, no deed restrictions, and is not in a flood zone. Don't miss out on this fantastic opportunity!
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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%.
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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 |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
| Jan 21, 2024 | Listed by TMWRK BROKERAGE LLC | $390,000 | |
| Listed by TMWRK BROKERAGE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017