11236 28TH STREET CIRCLE E
About This Property
The spacious kitchen and living areas flow seamlessly toward the screened lanai, where you'll find a self-cleaning and newly resurfaced PebbleTec pool overlooking a lush, fenced backyard that backs up to a tranquil PRESERVE-the perfect private retreat for chilling out or entertaining a crowd. Recent exterior updates include a newer roof (2020), 6' PVC privacy fencing in backyard, pavered driveway and lanai deck, decorative concrete edging in the backyard, and hurricane shutters giving you peace of mind for years to come. Additionally, a generator plug has been hardwired to the breaker box. Worthy of noting are the NEW (within last 4 years) hot water heater, 5-ton AC and mini-split, washer, and dryer.
River Woods is known for its serene tree-lined streets, friendly neighbors, and LOW HOA fees with an easy 12-minutes to I-75 for a smooth commute to Tampa, St. Pete, or Sarasota.
This is a quiet, peaceful, deed restricted community surrounded by large, old majestic oak trees, which provide beauty, shade and extra privacy to this serene community. River Woods provides easy commutes to Bradenton, Sarasota, St. Petersburg, Tampa, and Lakewood Ranch. Built on the north bank of the Manatee River, River Woods is a medium-sized and friendly community where residents of all ages are likely to be seen walking in the evenings, riding their bikes or watching the birds along one of seven neighborhood ponds. River Woods provides residents with a recreation center which includes the clubhouse, complete with TV and fitness equipment, a swimming pool and two tennis / pickleball courts. Other amenities include a gazebo near the clubhouse and a boardwalk that extends over the bank of the Manatee River. Enjoy the convenience of being just minutes from nearby State College of Florida, Manatee-Sarasota campus, golf courses, beaches, health care, TOP-RATED schools, a library and a multitude of restaurants and shopping to satisfy an abundance of tastes. Experience the beauty of Florida living-right here in River Woods, book your showing today!!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017