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5960 89TH AVENUE N
About This Property
Inside, the open living and dining space flows into a kitchen with solid wood cabinetry, black granite countertops, a tiled backsplash, and stainless appliances that offer genuine workspace without the galley feel. A dedicated interior laundry room with built-in storage sits just off the kitchen, a practical detail that larger homes take for granted and smaller ones rarely have. On the secondary side of the split layout, two bedrooms and a private office or flex room share a full bath with an updated vanity and rain showerhead, a configuration that translates well whether the household needs a home office, guest quarters, or a tenant-ready wing.
The primary suite occupies its own end of the home, separated from the rest of the house by a vaulted-ceiling bonus room that earns its place as a studio, sitting room, or playroom depending on who's living here. The primary bedroom is king-sized, connecting to a private en-suite bath with a tub-and-shower combination and updated vanity. With the bonus room and primary wing positioned the way they are, a self-contained mother-in-law suite with private exterior access is a realistic conversion with minimal modification.
The backyard is fully fenced with a fire pit and room to actually use the space. Along the side of the property, a covered run with a corrugated metal roof handles tools, bikes, and gear cleanly. Loyd Tingler Park is just blocks away, and Mainlands Golf Course, Bardmoor Golf & Tennis Club, and several horse stables are just minutes away, offering a variety of outdoor activities in your backyard. St. Pete-Clearwater International Airport, the Gulf beaches, and downtown St. Petersburg are all a short drive from central Pinellas, keeping you connected to the best amenities of Pinellas County.
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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%.
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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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About Pinellas Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017