3090 6TH STREET
About This Property
With plenty of space to store boats, RVs, trailers, or work vehicles, this property is a dream for business owners or outdoor enthusiasts alike. The freedom of NO HOA means you can bring all the toys without the restrictions.
Whether you're looking to grow your business from home or just want the room to spread out and enjoy your space, this property offers incredible flexibility in a modern setting. Location, location, location!! Near Downtown Sarasota, Bayfront, UTC, Benderson Park, St Armand's Circle and tons of shops and restaurants, at your convenience!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017