305 Degas DRIVE
About This Property
Left of the kitchen is the primary bedroom with sitting area, walk-in
closet and beautifully appointed bath with granite countertop and spacious walk-in shower with light oatmeal colored tile.
Also, on the left side of the home is the laundry room with spare fridge and additional shelving which could be utilized as a pantry.
Right of the kitchen is a guest room, walk-in closet and the second luxurious bath with granite countertop, walk-in shower and the same tasteful tile.
To the rear of the home through the French doors is the cheerful Florida room.
Off to the right is the third bedroom with built in closet.
Large hurricane impact sliders open to the expansive screened lanai and extra-large pool, perfect for lap swimming. Surrounding the pool cage are mature palms which provide exceptional privacy. The backyard is also fenced for your pets.
Rich honey colored hardwood flooring throughout the home.
No carpet anywhere! The hurricane impact windows offer peace of mind, and this home is NOT in a flood zone. New roof in 2017 and AC was replaced in 2019. The highly sought-after neighborhood of Sorrento East is located between Sarasota and Venice, convenient to shopping, schools, restaurants, tiki bars, the new hospital, Oscar Scherer State Park
and Nokomis Beach. Embrace the Florida lifestyle and live like you're on vacation! Home is being sold furnished and turn key.
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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.
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About Sorrento East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017