6533 CLEARWATER DRIVE
About This Property
Additional features include an oversized 2-car garage, inside laundry room with washer/dryer, storage cabinets and sink, new central vacuum system, new ceiling fans and lighting, fresh interior/exterior paint, interior paneled doors, NEW roof 2025, A/C 2026, electric heated pool, gutters with rain barrel, two storage sheds, and a parking pad for a boat or RV. This property combines comfort, updates, and waterfront living in one exceptional home placing you minutes from some of the Nature Coast's most popular attractions. Enjoy kayaking, paddleboarding, and the famous mermaid shows at Weeki Wachee Springs State Park, or explore miles of trails and wildlife at Weeki Wachee Preserve. Spend your days boating, fishing, or watching sunsets along the Gulf at nearby Hernando Beach and Pine Island, or visit local parks like Jenkins Creek Park for waterfront recreation. This home offers the perfect combination of waterfront living, modern updates, and access to Florida's outdoor lifestyle, all just minutes from shopping, dining, and everyday conveniences.
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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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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017