5844 RIDDLE ROAD
About This Property
A standout feature of this property is the exceptional parking and storage capability. In addition to a two-car garage, the oversized driveway and dual gated side access allow ample room for boats, trailers, or additional vehicles. One side includes a covered overhang, while the other offers wide access for larger equipment or watercraft. Enjoy your own private pool with a newer screen enclosure, along with storm shutters on the rear patio for added protection and peace of mind. The fully gravelled yard provides a low-maintenance outdoor space while maximizing usability. Inside, the home includes a spacious, climate-controlled laundry room, adding everyday convenience.
Major updates include a roof replaced just 2 years ago and a brand new water heater.
Per the seller, the home has not experienced flooding or hurricane damage and is a solid block construction.
Conveniently located just minutes from the water, and a short drive to the Tarpon Springs Sponge Docks, local dining, shopping, and attractions-including the Tarpon Springs Aquarium-this property offers both comfort and accessibility.
Schedule your 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Listed by REAL BROKER, LLC | $349,900 | |
| Listed by REAL BROKER, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017