2221 CYPRESS POINT DRIVE E
About This Property
Recent updates include a roof installed in March 2026, a 2019 AC system, and a 2018 water heater. The kitchen has been updated with custom wood cabinetry, including a lazy Susan for added storage, pull out shelving in the pantry along with granite countertops and a beautiful tile backsplash.
Both bathrooms have been updated within the past four years, and the primary suite includes a private en-suite bathroom. The split-bedroom floor plan offers added privacy, and all bedrooms feature updated luxury vinyl flooring for a clean, modern feel.
Just off the kitchen and living room, a covered patio opens to a large, private backyard-offering a great space to relax or entertain. The home also includes a 2-car garage and a dedicated laundry room, adding to the overall functionality.
Located in Clearwater, this property offers convenient access to US-19, making commuting throughout Tampa Bay simple. Nearby, you'll find a variety of shopping and dining options, including Countryside Mall, along with local parks and everyday conveniences. Just a short drive away are some of the area's most popular Gulf beaches, including Clearwater Beach, Honeymoon Island State Park, and Caladesi Island State Park, known for their white sand and coastal scenery.
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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.
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