12785 FONTANA LOOP
About This Property
The spacious great room boasts tray ceilings, recessed lighting, surround sound speakers, and a large bank of sliding doors that seamlessly connect indoor and outdoor living. Crown molding and ceiling fans add a touch of luxury throughout. Retreat to the luxurious primary suite, complete with tray ceilings, a spa-like walk-in shower, dual sinks with granite countertops, and a large 10x10 custom closet. Two additional bedrooms offer privacy and comfort, one with an ensuite bath and custom closets, and the other with a separate bath featuring a tub/shower combo. The home also includes a private office with pocket doors.
The extended covered lanai is an entertainer's paradise, featuring an outdoor kitchen with a built-in grill. This home is equipped with a whole-house security system, Storm Smart hurricane shades, accordion shutters, and house gutters for added peace of mind. Additional features include an LG washer and dryer on pedestals, a central vacuum system, plantation shutters, and an extended garage. The exterior was freshly painted in 2018.
Living in Esplanade is like being on vacation every day. The community is built around healthy living and living well with unlimited exercise and social options. Esplanade offers a wide array of amenities and activities such as an 18-hole championship golf course, two resort pools, hot tubs, resistance pool, pickleball, tennis, bocce ball, two fitness centers, exercise classes, two dog parks, playground, firepit, spa/salon, an on-site lifestyle director, social events, and various clubs plus a Tiki bar. The state-of-the-art Culinary Center offers residents several dining options such as the Barrel House as well as catering services, wine tastings, and special events. Esplanade is located in the heart of Lakewood Ranch, close to I-75, Lakewood Ranch Main St., University Town Center, Sarasota Polo Club, shopping, dining, entertainment, hospitals, cultural attractions, boating, parks, and Florida's famous sandy beaches.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017