3040 Ashton ROAD
About This Property
Sarasota Oasis: Your Ultimate Home or Investment Opportunity
Calling all buyers! NOT IN THE FLOOD ZONE!! Nestled in the vibrant heart of Sarasota, a mere 5-minute journey from the pristine Siesta Key beach, a remarkable opportunity awaits. This property is not just a house; it's an embodiment of limitless potential. What sets it apart? The absence of HOA fees, deed restrictions, or CDD fees, granting you unparalleled flexibility and freedom. Current owner has future short term bookings, which means income is already on the calendar for an investor who purchases!!!
This home is a shining example of turnkey convenience. Picture yourself moving in seamlessly, or effortlessly welcoming renters into a fully-equipped living space. What's the secret? Every appliance and piece of furniture you see is included in the asking price, ensuring a hassle-free transition into your new abode.
Spanning a generous 1,108 sqft, this residence features three bedrooms and a versatile den. However, its appeal extends far beyond the numbers. Imagine evenings spent in the outdoor gaming area, complete with the luxury of total privacy from your neighbors. Here, your space is not just a home; it's a sanctuary.
What truly sets this property apart is its adaptability. It's designed to cater to your desires, whether that involves personal living, short-term rentals, or a combination of both – the choice is yours. The groundwork for short-term stays is already laid, making it an enticing investment opportunity.
Inside, you'll discover a meticulously updated space. From the moment you step onto the fresh flooring to the first time you use the sparkling new kitchen, and every brush of the vibrant paint job, you'll appreciate the modernity and convenience that defines this home. Brand-new appliances add the finishing touch to this inviting space.
But there's more. The plumbing has been updated, ensuring peace of mind and reliability. All new fixtures with switches provide a contemporary touch, while a new AC unit guarantees your comfort. You'll also benefit from a newer water heater, keeping your energy bills in check. And for added privacy and security, a new fence surrounds your property.
Your chance to make this property your own is now. Don't let this opportunity slip through your fingers. Paradise beckons in Sarasota, whether you seek a new home or a smart investment. The choice is yours, and the time is ripe. Make your move today and embrace the Florida dream!
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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 |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Dec 28, 2023 | In contract | - | |
| In contract | |||
| Dec 10, 2023 | Price Decreased |
$424,900
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Nov 23, 2023 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Nov 23, 2023 | Relisted | $475,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017