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2306 VALENCIA DRIVE
About This Property
The kitchen is finished with custom soft-close cabinetry, premium appliances, a beverage bar, and a large island that naturally becomes the gathering place for family and friends. The spacious primary suite includes a walk-in closet and a beautifully finished bath with a clean, modern design.
Sliding glass doors open to a private backyard with a heated pool, spa, sun shelf, covered patio, and tropical landscaping. The fully fenced yard offers plenty of room to relax, entertain, or enjoy with pets.
Located in Southgate and zoned for Southside Elementary, this home is just minutes from Sarasota Memorial Hospital, downtown Sarasota, Siesta Key, and St. Armands Circle. Schedule your showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017