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3207 VALENCIA ROAD
About This Property
Beyond the front door, this prime location places you minutes from top Gulf coast attractions, pristine beaches, and vibrant downtown entertainment. Outdoor enthusiasts will love the proximity to Caspersen Beach-the famous "Shark Tooth Capital of the World" renowned for fossil hunting-as well as Venice Beach and Manasota Key. Neighborhood residents can also take advantage of optional access to the South Venice Civic Association's private ferry to a secluded beach and a community boat ramp on the Intracoastal Waterway. Just ten minutes away, Historic Downtown Venice offers Mediterranean-style architecture, boutique shopping, fine dining, and seasonal farmers' markets, while the iconic Venice Fishing Pier and "Sharky's on the Pier" provide waterfront dining and sunset views. For recreation, the nearby Legacy Trail offers over 20 miles of continuous paved paths for biking, running, and walking all the way to Sarasota.
Property in flood zones AE and X, with the home being in X. An elevation certificate is available and flood insurance is not required.
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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