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172 HICKORY GATE DRIVE
About This Property
This move-in ready home offers 1,012 square feet of interior living space with a bright, open feel, vinyl flooring throughout, and plenty of storage-including walk-in closets in both bedrooms. Additional living space includes a 120-square-foot enclosed front porch-perfect for a home office or reading room-and a 200-square-foot enclosed side porch ideal for relaxing or entertaining, bringing the total usable living space to approximately 1,332 square feet.
The home is well maintained inside and out, featuring attractive landscaping, two vehicle carport, decorative driveway, skirting, and privacy lattice for added shade and seclusion. A 64-square-foot utility shed houses the washer and dryer and provides additional storage space. Energy-efficient upgrades include double insulated windows throughout, an insulated roof-over, and a tankless water heater for enhanced comfort and efficiency.
Walking distance to the community pool and clubhouse, residents enjoy an active lifestyle with a social club, planned activities, a heated pool for year-round use, shuffleboard, and bocce courts. A designated area is also available for boat or RV parking at no additional cost (subject to availability).
The low monthly fee of $230 includes water, sewer, trash, lawn care, and escrow reserves-offering easy, low-maintenance living. Conveniently located near beaches, the Pinellas Trail, parks, shopping, medical facilities, and airports, this home delivers both comfort and convenience.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017