2375 Waldemere STREET
About This Property
With rising construction costs and demand for materials and labor, lock-in price now, as price will increase as construction is completed! Another Courtyard Simply Modern Design. East of the Trail address. Walking distance to everything! Sarasota School of Architecture inspired Simply Modern Home... Concrete tiled flooring throughout, Gorgeous Cabinets, Quartz tops with appliances, stunning baths---flexible livable floor plan... Private pool, and private fenced yard. Complete Zero-scaped yard with beautiful landscape lighting... New construction. Buyer pays title, doc stamps and closing fee's with Sarasota title services. New construction next door at 2365 Waldemere also available for Multi-generational property if desired for large family compound or vacation rental. Call for all details... Much, much more... Other lots available!
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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