7212 Amhurst WAY
About This Property
The kitchen has a portable butcher block island that is great for prepping meals when cooking and opens up to the dining room. Both kitchen and dining room look out to the backyard. On the opposite side of the kitchen is an office good for working at home or home schooling. Attached to the dining area is the half bath and door to the two car garage. Enjoy the large backyard from the screened patio. The backyard includes a new large shed that provides extra storage. Access the patio through sliding doors to the dining area. The living room is right off the dining room and has a bay window facing a large shade tree in front of the house.
On the 2nd floor of the home, three bedrooms of similar size share the full bathroom with a shower and tub combo. Lots to love for many buyers! The A/C is older but blows ice cold air and is in good shape. The roof is also in good shape and is insurable. This home is within walking distance to Frontier Elementary School. Largo Mall is just 5 minutes away. In 10 minutes, you can enjoy the ocean and relax in the sun at Indian Rocks Beach.
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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 Newport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017