29 Pinewood CIRCLE
About This Property
Nestled near the captivating allure of Old Tampa Bay and the picturesque Phillippe Park, adorned with its regal tree canopy and breathtaking waterfront vistas, this home stands as an enticing prospect, especially given its exemption from the need for flood insurance. Conveniently, the vibrant downtown area is merely a short jaunt away by car or bicycle. Major shopping destinations are within close reach, and the airports are just a 30-minute drive. And with a mere extension of travel time, the pristine beaches of Clearwater and Dunedin beckon. This meticulously updated residence offers peace of mind, boasting a new roof installed in 2022, along with luxurious vinyl flooring throughout, freshly updated countertops, and a fresh coat of paint indoors, all completed in 2020. The AC unit was replaced in 2018, and a new water heater was installed in 2022. The master bedroom features its own private entrance and an ensuite bath adorned with newer stone shower, vanity, and granite countertops, all from 2020. The kitchen caters to culinary enthusiasts with its array of new stainless steel appliances, cabinetry, and granite countertops, also updated in 2020. Seamlessly integrated into the open floor plan, it includes a snack bar, breakfast nook, and a charming stone hearth wood-burning fireplace. The additional bedrooms are generously proportioned and bathed in natural light, conveniently located just steps away from the second bathroom. The expansive backyard offers privacy and tranquility, with a screened-in pool/patio area shielded by a stone wall from neighboring properties. For added security during storm seasons, metal hurricane shutters adorn all windows. A bonus awaits inside the garage: a versatile space serving as a workout area or office, complete with A/C and heating access. SELLER OFFERING A $30,000.00 credit (with accepted offer) toward flooring in the home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017