1350 CAMBRIDGE DRIVE
About This Property
An inside utility room with additional storage adds convenience and practicality, and the laundry area offers direct access to the garage, making daily tasks efficient and organized. The 2-car garage provides ample space for parking, storage, or workspace needs.
Positioned in central Clearwater, this location offers convenient access to shopping, dining, medical facilities, and everyday services. Clearwater Beach and the Gulf coastline are approximately 6–7 miles west, offering access to white sand beaches, waterfront parks, and recreational activities. Downtown Clearwater is just a few miles away, and major roadways provide connectivity to St. Petersburg and Tampa for commuters. Nearby parks and recreational facilities offer walking trails, playgrounds, and outdoor activities, while Pinellas County schools and additional educational options are located within a short distance.
With solid bones, a desirable lot, and an established setting, this property offers both immediate livability and long-term potential for enhancement.
Buyers and agents to verify all information pertinent to their purchase decision. Information provided is deemed reliable but not guaranteed.
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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.
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About Shipwatch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017