7851 Ridge ROAD
About This Property
For those beautiful days in Florida, you'll love spending time in your screened-in porch/patio with decorative flooring and a wood-beamed ceiling. You'll have plenty of privacy for entertaining guests, spending time with family, and letting your pets roam around in the fully-fenced backyard. A convenient sidewalk connects the porch/patio to the storage shed (Shed is the LIFETIME Brand 9.7" x 7.7"), so you can keep your shoes clean when you return to the house.
Other property highlights within recent years include; Hurricane Impact/Low E Windows and Slider (4/2023), Roof in 2019, HVAC in 2016, Water Heater 2016, Updated Electrical Panel, a very spacious, well-built Outdoor Storage Shed, Screened Doors on both the Front and Back Porches, Security Cameras, Door Bell Security Cam, Window Treatments and 50 Amp Plug/50 Receptacle, Interlock Switch/Plate (2022) for safe Generator Hookup during power outages.
3 Palms at Ridge Road is situated in Flood Zone X, which means that no Flood Insurance is required, and there is NO HOA. The zip code 33772 is renowned for being "HIGH & DRY," known for its A-RATED SCHOOLS, is within walking distance to Seminole City Mall, has multiple shopping and dining options nearby, is only a few miles from Bay Pines VA, and is just MINUTES away from our award-winning SUNCOAST BEACHES!
Schedule an appointment today to view this exceptional property! It's move-in ready and an ideal fit for first-time homebuyers, retirees, investors, seasonal residents, VETERANS, and anyone searching for affordable living in Pinellas County. See it 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%.
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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