1527 LAKEVIEW ROAD
About This Property
The home offers numerous updates and improvements, including updated windows with brand-new screens, a 2022 roof, 2019 air conditioner, and brand-new water heater. The electrical panel was recently inspected and cleaned up, and the home also features a water softener. Step outside to enjoy the huge fully fenced backyard, offering plenty of room for pets, entertaining, gardening, or simply relaxing. The backyard includes a storage shed, paved back patio, irrigation system, and a brand-new well pump and sprinkler system. Hurricane panels are also included for added peace of mind. The primary bathroom features a tub/shower combination, and the home is being offered with the LG washing machine and Maytag dryer included. Located in Flood Zone X, this property offers an added level of peace of mind. The home did not experience flooding or damage from past hurricanes. The location is hard to beat! Enjoy quick access to Clearwater Beach, popular restaurants, shopping, schools, and everyday conveniences, while Gulf-to-Bay Boulevard provides an easy commute toward Tampa and surrounding areas. With its updates, oversized fenced backyard, desirable Flood Zone X designation, and convenient Clearwater location, this home is a must-see!
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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%.
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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.
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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