15907 42nd GLEN E
About This Property
The living room boasts a dramatic ceiling & a fireplace, while the kitchen showcases a generous island with ample cabinets, a double oven, and a separate microwave. The split bedroom plan enhances privacy and functionality. Step outside to a spacious covered patio that opens up to a beautiful oversized pool, overlooking a serene preserve. Adding to the allure, a summer kitchen and the Casita provide the perfect accommodations for guests or an in-law suite. This residence is truly a masterpiece, currently leased back to the builder until July 2024. Don't miss the opportunity to own this unparalleled showcase of elegance and design! You have your choice of 3 Publix Super Markets within 10-12 minutes; UTC and the Ellenton Outlet Mall are each a 15-20 minute drive; I-75 and I-275 are 15-20 minutes away; Conveniently located between Sarasota and St. Pete/Tampa you'll have 3 international airports are 35-55 minutes away; and if you're a sports fan, you're only 40-50 minutes away from Rays, Bucs, and Lightning games! This location is central to so many of your regular activities, yet so peaceful and quiet! Parrish also has a new hospital being constructed just 15 minutes away, and several parks and shopping villages under construction! Parks and recreation facilities are just minutes from the Reserve! and NO CDD FEES Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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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