2300 Lancaster DRIVE
About This Property
Discover this well-maintained 2-bedroom, 2-bathroom home in a peaceful Clearwater neighborhood, conveniently located near Belcher Elementary School. Situated on a prime corner lot, this home offers extra privacy with no front neighbors, thanks to the beautiful protected nature preserve right across the street.The expansive yard provides endless possibilities, whether you want to add a pool, create a fenced-in retreat for pets, or simply enjoy the open space. The screened-in lanai is perfect for sipping your morning coffee while soaking in the serene surroundings.This home features a durable metal roof with 35 years remaining on the warranty, which offers additional homeowner's insurance discounts. The HVAC was replaced in 2019, and the garage door opener was recently replaced. No flooding or storm damage from recent hurricanes. Not in a flood zone. Located just minutes from Clearwater and Largo's top amenities, shopping, dining, and beaches, this home is priced right with endless potential to make it 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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 7, 2025 | In contract | - | |
| In contract | |||
| Jan 26, 2025 | Listed by BHHS FLORIDA PROPERTIES GROUP | $320,000 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
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About Pinellas
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BHHS FLORIDA PROPERTIES GROUP
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# TB8342912
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017