2438 Cambridge DRIVE
About This Property
This meticulously well-maintained home is centrally located in a quiet neighborhood in beautiful Sarasota Springs. This 2-bedroom, 1-bath home comes with many updates including a large screened in lanai that is perfect for entertaining as well as a fenced in backyard with mature landscaping that you and your pets will come to love. The home is not in an HOA or a flood zone, and is just minutes away from I-75, fine dining, golf, the UTC mall, and the white-sand beaches of Siesta Key. This home would be a great starter home, 2nd home for seasonal buyers, investment, or retirement home! County Water & County Sewer. Don't miss out on this one! call for your private 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jul 6, 2023 | Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | $349,900 | |
| Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | |||
| Oct 17, 2022 | Sold | ||
| Sold | |||
| Jul 30, 2022 | Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | $355,000 | |
| Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | |||
| Jul 26, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017