4970 Ridgemoor CIRCLE
About This Property
The first floor master bedroom has a walk-in closet and ensuite master bath with garden tub, separate shower, and beautifully updated double sink vanity and flooring. There are three upstairs bedrooms with one massive enough to be considered more of a bonus room or second master bedroom complete with an extra large double closet. Also upstairs is a sizable air-conditioned storage room that has multiple possibilities and could be utilized for storage, a craft room, or extra office. The partially enclosed loft that overlooks the first floor also has multiple possibilities! It could be utilized as an office, playroom or transformed into a fifth bedroom! Situated on a prime lot, you will enjoy the serene ambiance of a pond and conservation view. Step into your backyard sanctuary with covered and open patio spaces, elegant aluminum picket fencing, and heated pool and spa offering the perfect setting for relaxation or entertaining. Nature enthusiasts will appreciate the neighborhood's proximity to Brooker Creek Preserve where daily sightings of deer, turkey, red tail hawks, and the occasional eagle pair are common. This home is not only aesthetically pleasing but thoughtfully updated with a newer roof (2017), heat/air conditioning system (2021 ), and impact rated windows (2021). The first floor living area has hardwood-style laminate flooring throughout. There is a separate utility/laundry room complete with built-in cubby that is perfect for a wine fridge. The 2 car oversized garage has a workbench and plenty of room for cars and storage. Coventry Village is well maintained and boasts of its own playground and park for residents with very low HOA fees. This beautiful property is located within one of the most highly desired school districts, nearby Ridgemoor Commons is home to many popular locally owned restaurants, Publix, salons, gym, as well as other desired services. Enjoy many outdoor activities such as a walk or a bike ride on the nearby Pinellas Trail, John Chestnut Park with its access to Lake Tarpon, or perfect your golf swing at one of the many area golf courses. There are multiple Gulf beaches a short drive away and the close proximity to both Tampa International and St. Pete Clearwater airports make visits from friends and family or business travel a breeze. Don't miss the opportunity to make this house your home. No FLOOD INSURANCE is required.
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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