1531 ROYAL ROAD
About This Property
The screened lanai right off the dining area offers additional everyday living space to enjoy your morning coffee or spend your evenings relaxing while sipping your favorite beverage watching the sunset! Enjoy the outdoors in your FULLY FENCED BACKYARD ideal for pets, entertaining, or simply relaxing! The combo deck / pergola completes the perfect backyard paradise retreat setting. This home is located just under 2 miles from Shamrock Park and the biking / walking path along the Intercoastal where the manatees and dolphins play. Just a short drive to the beautiful stunning Gulf beaches and historic downtown Venice with many boutique shops, sidewalk cafes and entertainment events. Recreational options are plentiful with world class fishing, boating, many area golf courses, tennis courts, and so much more. A short drive to the upcoming Wellen Park community with an abundance of shopping and dining options in the nearby area. NO CDD fees, NO deed restrictions or HOA fees! This perfect paradise home is waiting for you!
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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