822 Rustic Oaks DRIVE
About This Property
In 2024, the home received several key updates, including a new 3.5-ton AC system, commercial-grade hot water heater, a new fence, gutters, and a freshly updated garage ceiling. The roof was replaced in 2017, offering peace of mind for years to come. New French doors lead out to the private backyard. Windows are double-paned, installed just 5 years ago, featuring beautiful Plantation shutters.
Both bedrooms are ensuite, offering privacy and convenience, with updated bathrooms featuring Delta fixtures, Kohler tub, quartz countertops, and Kraft Made cabinetry. Each bedroom also includes spacious walk-in closets for ample storage. The large, lush, fully fenced rear yard is the perfect spot for relaxation, and there's even room to add a pool if desired. A sturdy shed adds additional storage options.
This home is an X FLOOD ZONE, has never flooded and is ideally located near a variety of restaurants, shops, parks, and beaches, plus a short drive to the airport. Situated in the highly rated Palm Harbor school district, this home offers the ideal blend of comfort, style, and location. Plus, with no age restrictions, this home is perfect for families or anyone seeking a peaceful and vibrant community. Don't miss the chance to make this wonderful home your own!
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Jan 13, 2025 | Listed by RE/MAX ELITE REALTY | $479,900 | |
| Listed by RE/MAX ELITE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017