1627 BAYWINDS LANE
About This Property
PRICE REDUCTION! FIXER UPPER! Priced to sell. A wonderful opportunity to live close to Siesta Key. Fantastic Quiet Cul-de-sac, just off of Stickney Point Road and minutes to Siesta Key. A short drive to Siesta Key Beach, the #1 Beach in the USA. Convenient to shopping, restaurants, "A" rated schools, places of worship and a 15-20 minute drive to Downtown Sarasota to enjoy numerous theaters, Selby Gardens, restaurants and so much more. "A DIAMOND in the ROUGH" this home has much potential. Roof was replaced in 2016 and Impact windows and sliders have been installed. The rooms are oversized with two huge bedrooms. The master closet is 12X10 and the guest closet is 12 X 6, leaving room to expand living space. The Florida Room is 36x15 with 7 sets of Impact sliders. The large two car garage (26x24) has a large work bench area. The pool has been drained for quite some time and would have to be evaluated as to if it can be used or replaced. Home is being sold AS IS.
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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.
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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