1009 Willis AVENUE
About This Property
The possibilities are endless on this large corner lot that sits on .40 acres in a non-deed restricted neighborhood. The expansive back and side yards have plenty of room for a large addition and/or a swimming pool. The seller left it to the buyer to make their own choices. Pick your tiles and fixtures to complete the bathrooms, have your choice of flooring and dream up a kitchen that can be completely opened up to the family room. The family room has large stacking doors that open up to the Florida room to add to the open living area. Bring your creativity, concepts, style and visualize your ideas for your lifestyle here in Sarasota.
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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 |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed by PREFERRED SHORE | $378,000 | |
| Listed by PREFERRED SHORE | |||
| Dec 8, 2022 | No longer available | - | |
| No longer available | |||
| Oct 27, 2022 | In contract | - | |
| In contract | |||
| Oct 19, 2022 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017