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1207 LODESTAR DRIVE
About This Property
The cozy Florida Room at the rear of the house has a private exit door to the rear patio. This room could be converted to a bedroom if a partition & door were installed.
The Front Yard is covered with white shells in some areas, and brown pine bark in other areas. There is no grass to mow. The yard has an elevated central mound surrounded by paving wedges and containing a gardenia plant, a holly tree, and an 80 ft tall Norfolk Island Pine. Two palms grow next to the road. A stone-covered area next to the driveway is available for supplemental parking, as no parking is allowed on the street.
The Back Yard is enclosed by neighbors' fencing. Pine bark covers the yard, so there is no grass to mow here as well. It contains a large cedar tree plus a couple of blueberry plants and some aloe plants. Plenty of room for planting a garden, trees, and other plants.
The Garage contains four shelving units and a workbench with vice. Up front is an 80 gallon electric hot water tank, washer, utility sink, and dryer. The hot water tank was connected to a roof-top solar collector (was damaged and removed during re-roofing), but a collector could be reinstalled if desired, as the necessary connections are still there. Plywood sheets to cover windows during hurricane season are stored overhead. An irrigation pump is located next to the north wall, is not used because well went dry.
Electrical Panel has been fully updated to comply with all current Pasco County zoning requirements.
Heating and Cooling is provided by a central HVAC unit located in the attic above the garage. Additional Heating could be supplied by electric baseboard units in most rooms.
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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 |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Relisted | $195,000 | |
| Relisted | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Listed by HORIZON PALM REALTY GROUP | $200,000 | |
| Listed by HORIZON PALM REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017