832 FLORIDA AVENUE
About This Property
A perfect Coastal Getaway & HUGE investment opportunity. Short Term rental variance granted!! This home sits on a premium double, corner lot in the heart of the Downtown Palm Harbor Redevelopment project. The inside of the home features 4 bedrooms and 2 bathrooms. Recent upgrades are as follows: Updated bathrooms, newer AC, hurricane rated windows throughout, newer interior and Exterior paint, newer stainless steel appliances, newer cabinetry, newer granite countertops, newer main drain, upgraded electric panel. Now, let's talk outside: fenced in yard with plenty of room to park your boats, yes boats! Room for your RV, with Full hook ups including 30amp electric and sewer hook up, Tesla Wall Connector fast charger, gorgeous bar and fire pit, newer pickle ball court, an air-conditioned tree house with TV, how cool is that? There is also an air conditioned shed for storage, woodwork, etc. AND room for a pool. Talk about location! The Pinellas Trail is around the corner, Pop Stansell Park and community boat ramp is a minute walk away as well as downtown Palm Harbor. Bike ride to beautiful Dunedin & Honeymoon Island. Zoned for top rated PH Schools. NO HOA, Close to beaches, shopping, restaurants, hospitals, Tampa International Airport! This home SCREAMS the Florida lifestyle! The possibilities are endless. Best of all, there's no HOA, giving you the freedom to maximize your investment. The Downtown Palm Harbor Master Plan was developed to preserve and enhance the historic character and architectural heritage of Downtown Palm Harbor. These efforts aim to: Create a unique and vibrant core to the coastal Palm Harbor community expanding opportunities to live, work and play, enabling the sustainable redevelopment of downtown Palm Harbor. Whether you're here full-time, vacationing, or seeking a smart financial move, this coastal cottage promises an unforgettable experience.
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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 Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017