1329 Moreland DRIVE
About This Property
This three-bedroom, two-bathroom home is centrally located in the established neighborhood of Morningside Estates, with no HOA fees! This 1968 home features block construction and a two-car garage. It is just one block away from the Morningside Recreation Complex, with tennis, basketball, a gym, and a pool.
The primary suite of this home boasts two walk-in closets, a huge bathroom featuring a two-person jetted tub, a walk-in shower, and dual vanities. The kitchen has granite countertops and stainless-steel appliances. The living room features a wood-burning fireplace. This home also has gas service from the city of Clearwater.
Enjoy the Florida lifestyle with a large, covered lanai and screened-in pool, as well as a fully fenced backyard. Recent upgrades include new vinyl plank flooring throughout the home, and a new roof in July 2023 with a 10-year labor and 25-year shingle warranty.
Don't miss this opportunity!
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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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About Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017