516 7TH STREET SE
About This Property
Key updates include impact windows and a slider replaced in 2006, a shingle roof in 2008, and a shed added in 2010-ensuring lasting quality. The shed has carpet and a loft that would make a great she-shed, men's den, game room, craft shop, or workshop. The fenced yard offers privacy, and the tranquil estuary behind the property with brackish water adds a peaceful view, with lush trees lining the opposite side.
Step outside to the screened pool lanai, which features a large covered area perfect for relaxing or entertaining. Enjoy the deck overlooking the water, where you can unwind while taking in the serene landscape. Whether you're sipping your morning coffee or watching the sunset, this outdoor space will quickly become your favorite spot.
Inside, the versatile den includes built-in office desks and shelves, making it ideal for remote work, hobbies, or any space needed to suit your needs. It's currently used as a guest room, adding flexibility to the home's layout.
This home also features a 2-car garage for ample parking and storage. With no HOA or CDD fees, you can enjoy the freedom of homeownership without extra costs.
Located just minutes from Largo Central Park, this home offers easy access to local attractions such as the Central Park Performing Arts Center, playgrounds, trails, pavilions, library, and seasonal events like the spectacular July 4th fireworks and festive holiday lights. Largo Central Park is a beloved community hub offering a wide range of activities for all ages.
Discover the flexibility you've been looking for in this beautifully situated property! The City of Largo currently allows a variety of rental options-including short-term rentals-making this an excellent opportunity for investors, part-time residents, or homeowners seeking income potential. Whether you're considering short-term rentals, seasonal leasing, or long-term rentals, this home could be the perfect fit. Please note: While Largo is known for its accommodating rental policies, buyers are asked to contact the City of Largo directly to ensure current regulations align with their specific rental plans.
This home offers a fantastic combination of privacy, outdoor living, and convenience. Don't miss out on the opportunity to make it yours-schedule your private showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017