12818 Kite DRIVE
About This Property
The home is FPL star rated with solar panels and a radiant barrier in the attic, allowing a new owner to save on electric cost. The Air Conditioning was replaced in 2021 with a Trane system. Home comes equipped with an irrigation system and well, keeping water cost down and the grass green. Other amenities include surround sound inside and, on the lanai, plantation shutters and central vacuum.
The 24-hour gated community of GreyHawk Landing includes mature landscaping, with plenty of beautiful trails for walking and jogging. For your recreation, there is a community and fitness center, 2 resort style pools, playground and tennis and basketball courts. This magnificent home is located close to all the area has to offer, from beautiful sandy beaches, shopping and entertainment of Lakewood Ranch or downtown Sarasota. Pride of ownership shines in every aspect of this home! Contact us today to set up your showing as this gem will not last long!
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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