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8216 PRAISE DRIVE
About This Property
Inside, the kitchen carries quartz countertops, an updated backsplash, and GE Cafe series appliances. Lighting, fixtures, and fans have all been refreshed. The open kitchen-and-living layout keeps daily life flowing, and five bedrooms give you room for a home office, a guest suite, or a flex space. Whole-home surge protection and water softener, as well as astro turf, custom closet, pantry, and garage storage systems, are among many upgrades.
The lot sets this one apart. It's a premium conservation homesite with no front or rear neighbors, a pond and fountain view in front, and a screened saltwater pool and spa in back. Attached garage, no CDD.
Off Sheldon Road near the Veterans Expressway, you're minutes from Westchase, Citrus Park, and the Upper Tampa Bay Trail. Westchase Elementary, Sergeant Paul R Smith Middle, and Sickles High School are all nearby.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Listed by KELLER WILLIAMS REALTY- PALM HARBOR | $669,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM HARBOR | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017