40 ROYAL PALM CIRCLE
About This Property
INTERIOR:
Fully furnished as pictured, this residence combines practical updates with comfortable surroundings and appealing details throughout. Vinyl flooring adds a clean look to the kitchen and bathrooms, while carpet runs through the rest of the home. The central heating and air conditioning system(heat pump) was replaced in 2020, along with ceiling ducts and ceiling fans. Updated argon gas windows are another valuable improvement. The dining room makes a lovely impression, complete with a beautiful buffet and hutch. The kitchen is equipped with a convenient breakfast bar and a complete appliance package, including refrigerator, range, oven, dishwasher, ice maker, and microwave. The roomy living area flows through bi-fold doors into a separate seating space, providing an ideal setting for entertaining or visiting, plus it features a sleeper sofa. The guest bedroom is ready to welcome visitors and includes a closet, with an adjacent guest bathroom featuring a single-sink vanity, refreshed walk-in shower, and generous storage for toiletries, towels, and linens. The primary bedroom serves as a peaceful retreat, featuring a generously proportioned layout, three closets, and a private en suite bathroom with a walk-in shower. Located just off the primary bedroom is a bonus room with its own separate entrance and a sleeper sofa. The sky is the limit when it comes to the many ways this additional space can be utilized!
EXTERIOR:
The outdoor surroundings are equally appealing, combining attractive curb appeal with numerous practical additions. Vinyl siding, window shutters, attractive landscaping, and a sprinkler system create a pleasing first impression, while decorative pavers accent the driveway and continue along the walkway to the front entrance. A one-car carport provides covered parking, with a roof-over installed in 2012 extending across both the carport and the entire home. Along the side, a spacious, lowered Florida room provides ample room for multiple seating arrangements and leads directly to a shed equipped with shelving, a utility sink, a workbench, washer, and dryer. For added household convenience, the property also includes a water softener. Around back, you'll find a patio and a second storage shed, ideal for keeping yard tools, bicycles, and other belongings neatly organized. All of this is offered at $149,500, including the share. With its numerous extras and appealing price point, this property brings together so many of the little things that make Florida living worth celebrating!
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2026 | Listed by SELECT REAL ESTATE OF PINELLAS | $149,500 | |
| Listed by SELECT REAL ESTATE OF PINELLAS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017