11204 Spring Gate TRAIL
About This Property
Additionally, the fenced backyard provides privacy while you are enjoying your pool. The primary bedroom is a tranquil retreat with sliding glass doors overlooking the lovely pool area and features a spacious walk-in closet. The master bath has granite countertops, dual sinks, a large walk-in shower, and a soaking tub. Both guest bedrooms are spacious and comfortable, with windows letting sunlight enter. They share a hall bath with granite countertops, dual sinks, and a tub/shower combo. Rounding out the features of this beautiful home is an indoor laundry room with wood cabinetry and shelves for storage leading out to a two-car garage with a brick pavered driveway. There is a community pool and fitness center available with the home. All this is conveniently located in Lakewood Ranch, close to I-75, Sarasota/Bradenton airport, Nathan Benderson Park, & all the University Town Center area shops and restaurants.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017