12999 INDIAN ROCKS ROAD
About This Property
The home has already benefited from numerous important updates, including an updated kitchen and two updated bathrooms, along with a newer air-conditioning system, water heater, and roof, all completed within approximately the past 3?5 years. The exterior was also freshly painted within the past two years, making this property truly move-in ready while still offering plenty of potential for the next owner.
Its location directly on Indian Rocks Road also creates an interesting opportunity for buyers looking beyond traditional residential use. Given the property's visibility and location along this well-traveled corridor, there may be potential for future professional office or commercial use, subject to zoning, land-use designation, county approval, and any required conversion.
Whether you're looking for a primary residence, additional living space, multigenerational possibilities, or a property with potential for future expansion or alternative use, 12999 Indian Rocks Road offers flexibility that is increasingly difficult to find in Pinellas County. Bring your vision and explore the possibilities!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017