217 Patterson AVENUE
About This Property
Neighborhood Description:
So convenient to everything. One block from US 41 and Only two blocks to Osprey fishing pier (Sarasota Bay). Easy access to shopping like Walmart super center 0.9 miles, Lowe's 2.3 miles; Dining: the point kitchen 0.6 miles, Casey key fish house 2.4 miles; Schools: Pineview(Ranked#3 in FL & #29 in US) 2.0 miles, Spanish Point and Osprey Library 0.7 miles, Churches, Recreational facilities like Sarasota family YMCA 2.5 miles; Hospitals: Sarasota Memorial and SMH Venice Hospital, walk to Walmart, Close to Gulf Beaches like Siesta key beach( #1 in US and #11 in world) 7.7 miles, Venice and Nokomis beach. Very friendly and helpful neighbors who also respect your privacy. Very pet friendly and child friendly neighborhood. Walk to Sarasota County Bay St. Park and legacy trail. Do NOT WAIT!!! CALL TODAY.
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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