404 Manor BOULEVARD
About This Property
The spacious living room flows seamlessly into the kitchen, which was completely renovated in 2024 with new wood shaker-style cabinets, quartz countertops, recessed lighting, and all-new stainless steel appliances, including a new sink and faucet. A brick wood-burning fireplace, high ceilings, and French doors leading to the backyard and lake make the family room a warm and inviting space. A second set of French doors opens to the 3rd bedroom room, featuring NEW tile flooring, wood-framed doors, a built-in closet and sun-filtering shades.
The other 2 bedrooms include ample closet space, ceiling fans, and window blinds. The main bathroom is thoughtfully designed with a Jacuzzi tub surrounded by tile, a large mirror, and a new vanity (2024). The second bathroom features a glass stand-up shower, new vanity, mirror, and updated lighting (2024). A laundry closet with a stackable washer/dryer sits conveniently next to the second bath.
The backyard is built for relaxation and entertaining, featuring a pavilion-style covered patio (built in 2019) and a well-maintained lawn that extends to the lake. A large shed provides extra storage, and a designated boat/RV parking area adds to the home's practicality.
Notable Upgrades:
Metal Roof (2019)
New A/C Compressor & Air Handler (2024) (Original A/C replaced in 2017)
New Hot Water Heater (2024)
New Flooring in 3rd Bedroom (2024)
New Vanities, Mirrors & Lighting in Both Bathrooms (2024)
New Interior Paint Throughout (2024)
New Interior Doors, Trim & Baseboards (2024)
New Closet System/Wardrobe in Backroom (2024)
New Chimney Cap (2024)
New Wood Siding on South Side of Home (2024)
New Shutoff Valves on All Water Lines (2024)
Electrical System Updated Where Needed (2024)
Storm Covers for All Windows & Doors
Centrally located between Tarpon Springs and Dunedin, this home is just minutes from the Pinellas Trail, Sunset Beach (3.3 miles), Fred Howard Park (4.3 miles), and Anderson Park on Lake Tarpon (2.6 miles). The Sutherland Bayou public boat ramp is only 2.7 miles away, making lake access effortless.
Flood insurance is $1,853 annually. HOA is optional at just $75 annually.
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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.
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017