232 PENSACOLA ROAD
About This Property
Downtown Venice delivers a vibrant mix of dining, shopping, and entertainment, while golf enthusiasts will appreciate easy access to the island's course just 2.5 miles away-conveniently located near waterfront favorites Sharky's on the Pier and Fins at Sharky's.
This thoughtfully designed residence is centered around a private courtyard, creating a seamless indoor-outdoor lifestyle ideal for both relaxing and entertaining. The home features 2 bedrooms, 2 baths, a 2-car garage, and an oversized studio perfect for a home office, art space, or creative retreat. Residents also enjoy a charming shared gazebo, fostering a warm, neighborly atmosphere.
Inside, the open great room floor plan offers effortless flow, complemented by a split-bedroom layout for added privacy. The chef's kitchen, anchored by a granite-topped island, is both functional and inviting. Plantation shutters throughout enhance the home's light-filled spaces and add to its classic Florida charm.
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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