414 3rd Ave
About This Property
Completely fenced in the back. Large lot 65x144. Hardwood floors, laminate in bedrooms. CHA new 2015. Seller used completely as investment property receiving $3000 per mo for Jan-Feb-Mar-Apr 2021 including WSG, internet, electric. Low Season 1435-$1600 per month. 90-day minimum lease in Dunedin. Deck across the front and across the back. Golf cart zone. Now the City of Dunedin indicates that it is zoned MF 10 allowing for 2 units on this property. Around the corner from the new Blue Jays Stadium, close to the trail, schools, bowling alley, restaurants, downtown historic Dunedin, and our famous beaches, Caladesi and Honeymoon Island a few miles away. Two airports within 25 min. The home is wood frame & was moved from St Petersburg along with house to the South in 2003 and set on concrete block piers. At that time a new roof, vinyl siding etc was completed. This most likely will be a cash sale as there are one or two cracks in each room on the inside walls going from some window sill to the corner point of the ceiling in each room, except bathroom, appearing in 2016 according to the owner. All measurements to be verified by Buyer, and all zoning and rental questions with the City of Dunedin.
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017