12772 Lateral Root DRIVE
About This Property
Step inside and be greeted by an expansive open floor plan with tall ceilings and elegant doors that enhance the spaciousness of this beautiful home. The gourmet kitchen is a chef's delight, featuring stainless steel appliances, granite countertops, and upgraded finishes including a stylish backsplash, sleek cabinet handles, and contemporary lighting.
The home's true standout is the newly expanded 25x25 enclosed patio, complete with no-see-um screening and a fully fenced yard-ideal for entertaining guests, relaxing with your pets, or enjoying a barbecue.
Promenade Estates offers exceptional amenities, including:
A community pool and splash pad
A fitness center and clubhouse
Basketball and sand volleyball courts
A dog park and playground
All this with no CDD fees and a low HOA fee! Enjoy easy access to the Legacy Trail for hiking and biking, and explore local attractions just a short drive away. Downtown Sarasota is only 12 miles from your door, while world-renowned Siesta Key Beach is a mere 9.9 miles away. Additionally, you'll be in close proximity to top-rated schools, including Pine View School.
This home is attractively priced to sell quickly and won't last long! Don't miss your chance to own this exceptional property. Call today to schedule your private showing and make this dream home yours!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017