2346 SARAZEN DR
About This Property
The Florida room overlooks the backyard and opens to a well-sized deck, creating an inviting connection to outdoor living and a comfortable space to enjoy Florida's year-round climate. While the kitchen and baths have been updated since the home was built, they reflect a classic, well-cared-for style.
Major systems have been thoughtfully improved, including a 2018 roof, 2019 HVAC system, and a 2021 water heater, providing added peace of mind. Windows have been replaced from their original condition.
Fairway Estates is prized for its scenic setting near Lake Saundra and its proximity to the historic Dunedin Golf Club, a renowned Donald Ross–designed course that underwent a comprehensive restoration in 2024. The neighborhood also offers easy access to downtown Dunedin, waterfront parks, the Pinellas Trail, and award-winning Gulf beaches, including Honeymoon Island and Caladesi Island. This home presents a compelling opportunity to enjoy space, location, and long-term value in one of Dunedin's most established communities.
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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