3326 WHISPERING DRIVE N
About This Property
Outdoor spaces include a covered side patio accessible from the living area and an enclosed rear patio located off one of the guest bedrooms. The fenced backyard occupies an irregularly shaped pond-front lot. Although the existing tall wood fence currently limits the water view, the pond-side setting offers possibilities for future landscaping or outdoor enhancements. The home also includes solar panels, an oversized one-car garage with a laundry area, and additional space for storage or projects.
The property is conveniently located near shopping, restaurants, everyday services, Largo Central Park, Eagle Lake Park, the Central Park Performing Arts Center, and the Largo Community Center. Gulf beaches, St. Pete–Clearwater International Airport, Downtown Clearwater, and major roadways connecting to Downtown St. Petersburg and Tampa are also within convenient reach. The home is livable in its current condition but is dated and would benefit from updating, making it an appealing opportunity for a buyer ready to personalize the property and build upon its existing features. Solar-panel condition and system performance are unknown and should be independently verified by the buyer. All information is believed to be accurate but is not guaranteed. Buyers and agents should verify all facts and information pertinent to their purchase decision.
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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