259 Carlino DRIVE
About This Property
with lights have recently been added in every room. On your left as you enter is the den, office, workout room or whatever you desire of flex space with plantation shutters. It can be closed off, so a third bedroom is possible. Across the hall on the right is the guest bedroom, laundry room with storage and the guest bath with rain shower and glass enclosure. The hallway opens to the great room and kitchen with oversized center island, seating, stainless appliances and a generous pantry. Desirable upgrades are the addition of the reverse osmosis system with counter spigot which is connected to the fridge, the water softening system and the over island sconces. At the far right of the great room is the oversized master with a remote window blind and a view of the preserve. The master bath has dual sinks split on opposite sides, a large glassed-in shower, walk-in closet as well as a double closet. At the far end of the main living area, sliding glass doors open to the extended screened-in lanai with expansive preserve view and a privacy screen on the left. This lovely outdoor living area is perfect for wildlife viewing, relaxing, reading, sipping your favorite beverage or entertaining. A standout feature of this home is the that it is a true "Smart" home. One app controls doorbell ring, alarm, camera, heating and A/C (with UV light). This desirable location in Milano makes it walkable to the clubhouse and amenities which include a community pool and spa, pickleball and bocce ball courts and a dog park with shade tents. The Villages of Milano is convenient to schools, shopping, the new Sarasota Hospital, beaches, restaurants and churches. Whether seeking a second or a full-time home, you can enjoy resort style living and a sense of community cohesiveness. Make it your piece of paradise!
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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%.
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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