1420 FAIRFIELD DRIVE
About This Property
All three bedrooms are generously sized and designed with comfort in mind. Both bathrooms have been beautifully updated with modern finishes. Enjoy the convenience of a 2-car garage with an epoxy-coated floor, offering added functionality and storage.
Whether you're relaxing indoors or enjoying Florida's sunshine in the expansive backyard, this home offers the best of Clearwater living-minutes from pristine beaches, top dining, shopping, and entertainment. Ideally located just minutes from world-famous Clearwater Beach, this home blends comfort, style, and convenience. From the moment you arrive, you'll be charmed by the exceptional curb appeal, highlighted by a majestic 50-year-old oak tree that provides natural shade and timeless beauty in the peaceful front yard. ?? Seller incentive available for qualified buyers! Ask about conventional financing with 5% down and no monthly PMI through the seller's preferred Fannie Mae Direct local lender.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017