5833 PUMMELO LANE
About This Property
Built in 2017, this 4-bedroom, 3-bath, 2-car garage home is one of those that just feels right the moment you walk in. The downstairs layout is incredibly functional, with a guest bedroom or home office (complete with a Murphy bed), a full bathroom, and an open-concept living, dining, and kitchen space that's perfect for everyday life and entertaining. Storage was clearly thought through too, with a walk-in pantry, a large storage closet downstairs, and plenty of room in the garage. Upstairs, there's a spacious loft that works beautifully as a second living area, playroom, or home office, along with two additional bedrooms, a full bathroom, and a large walk-in laundry room. The primary suite is a true retreat, featuring a beautiful ensuite with a soaking tub, walk-in shower, dual vanities, and a large walk-in closet. Out back, you'll find a private backyard with a covered porch and lush palms - quiet, peaceful, and easy to enjoy year-round. And inside, the home has the prettiest Serena & Lily-inspired vibe, thanks to the previous owner's gorgeous wallpaper, paint choices, and fixtures. Bonus points for A-rated schools, no flood insurance required, and being located in a non-evacuation zone. You're also just two miles from Madeira Beach and close to Seminole City Park, Millennium Park, Seminole City Center, John's Pass, and the Pinellas Trail. This is one you really need to see in person.
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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.
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