1559 SAN ROY DRIVE
About This Property
Don't miss this rare opportunity! Just minutes from downtown Dunedin's shops, restaurants, and scenic waterfront, this well-maintained 2-bedroom, 2-bath home offers [1,450 sq ft] of living space on a [6,000 sq ft lot] in a tropical, low-maintenance setting. Built in [1969], this property features a flexible, open floor plan ideal for both entertaining and relaxed Florida living.
Enter through a beautiful front door into the large 20' x 11.6' dining room. The bright kitchen offers cabinetry, ample counter space, a generous pantry, and a breakfast nook with views of the lush backyard and flowering trees.
The informal Great Room is perfect for a large screen TV and features a bonus area currently used as an artist's studio/home office.
Property Highlights: 2 spacious bedrooms / 2 full baths, Light and bright utility/laundry room, One-car garage w/ automatic door opener, water conditioning and irrigation systems, Security system, New roof 09/05/2023, New A/C system 07/22/2024, New Windows 08/25/2022 and 10/19/2021, Flood Zone X – no flood insurance currently required, No HOA – enjoy freedom and flexibility, Dunedin is in Pinellas County, Florida, known for its Scottish heritage, beautiful beaches, and vibrant downtown. It's part of the Tampa–St. Petersburg–Clearwater metropolitan area and is a popular destination for tourists and residents alike. Dunedin is also home to the Toronto Blue Jays' spring training. Schedule your showing today - this one will go fast!
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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