2747 Gulf Gate DRIVE
About This Property
Home in Fantastic Location! Just down the street from all the Gulf Gate Village Shops, Restaurants and Bars and 5 min. to Siesta Key Beach. Also just down the street is the Gulf Gate Public Library and around the corner from Gulf Gate Elementary School. This is an Income Producing Property (AirBnB / VRBO) generating $43K gross/yr. County Rule is 30 Day Min Rental. It's gorgeous inside and out. This Total Reno includes 2019 Thermal Windows, Granite and Stainless oversized kitchen and breakfast bar with sightlines through the open floor plan Living/Dining Room and Florida Room out to the pool and private back yard. Remodeled baths and Split BR plan with generous bedroom sizes. 4.5yr old 3 ton Bryant HVAC Heat Pump, 200A Upgraded Electric Panel 2017, New Pool Screen Enclosure 2020, and so much more. Like new and this close to the beach - what are you waiting for your dream get-a-way awaits. The most fun investment you'll ever own.
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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