8407 HIGHPOINT BOULEVARD
About This Property
With most of the major updates done and with a little TLC this home can be transformed into a warm and inviting space, perfect for making lasting memories. Whether you choose to update the interiors, enhance the curb appeal, or simply add your personal touches, a little care and attention will unlock this property's full potential. From the moment you arrive, you will be greeted with a spacious front porch and a covered carport that leads to the large shed. Step inside to a nice open floor plan that leads to the expansive living room/dining room combo and is perfect for entertainment or relaxing with family. The nicely appointed kitchen offers ample space to prepare your meals. The roomy master bedroom features an ensuite with the master bathroom featuring dual sinks. The second bedroom offers generous space and easy access to the second updated bathroom with new tile flooring, new vanity, new toilet and new shower. You will love the versatility of an additional back porch where you can enjoy your morning coffee or relax and unwind with a good book. The huge, dedicated laundry room with storage is right off the back porch for your convenience. The fully fenced yard ensures privacy and security, making the outdoor space perfect for pets or entertainment.
Recent updates and features include Roof 2015, new AC, newer water heater, new vapor barrier, new pillars and extra anchors for added support. Also added were new ¾ inch sub-flooring in the kitchen, master bathroom, hall and family room. High Point offers an array of amenities, including a heated pool, tennis courts, golf course, horseshoes, bocce, pickleball, a community center, and much more. Best of all, you own your land, and HOA fees remain low, maximizing value and enjoyment. Just minutes from the famous Weeki Wachee live mermaids, Pine Island Park, and Roger's Park for endless fun on the water. Close to shopping, dining, major medical facilities, and the Suncoast Parkway for easy commutes to the airport, Tampa, Clearwater, St. Pete Beaches (ranked among the top five U.S. beaches), and the renowned Tarpon Springs Sponge Docks.
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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 High Point
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017