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2829 TANGELO WAY
About This Property
Step outside to your private oasis: a large screened-in paver lanai with bar-top seating and views of the inviting pool surrounded by lush greenery-perfect for relaxing or entertaining. Nestled in Lake Valencia, a quiet deed-restricted community built around a scenic lake, residents enjoy low HOA dues and exclusive access to a private homeowners' park featuring a fishing pier, picnic areas, playground, and shaded walking paths beneath mature oak trees. Zoned for top-rated Palm Harbor schools and minutes from downtown Palm Harbor's shops, restaurants, breweries, and the Pinellas Trail. Honeymoon Island State Park, pristine Gulf beaches, parks, golf courses, shopping, dining, and major commuter routes-including quick access to Tampa International Airport, downtown Tampa, and St. Petersburg-are all within easy reach. This is a rare opportunity to own a beautifully renovated single-family pool home on a spacious lot in one of Palm Harbor's most beloved neighborhoods.
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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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About Lake Valencia
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$2,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017