1575 Idle DRIVE
About This Property
Inside, the home features spacious rooms, stunning terrazzo floors, and an open floorplan. While it needs some updating, the home is fully functional and ready for you to move in right away. The Florida room at the back offers a great place to unwind, along with a large bonus room that can be used as a family room, game room, or anything else you need.
Located in south Clearwater, this home is close to stunning beaches and St. Petersburg, and just a short drive to Tampa. Don't miss the opportunity to make this home your own!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Price Decreased |
$380,000
↓ $20K
(5%) | |
| Price Decreased | |||
| Aug 18, 2024 | Price Decreased |
$400,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jul 27, 2024 | Listed by LUCY LOMBARDI & ASSOCIATES | $410,000 | |
| Listed by LUCY LOMBARDI & ASSOCIATES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017