3225 SUMAC TERRACE
About This Property
Oakwood Manor's amenities are designed for both recreation and relaxation. Indoors, you'll find a community hall with a catering kitchen, stage, dance floor, fitness area, and a library stocked with books, puzzles, movies, plus a pool table. Outside, enjoy the oversized heated pool a large spa, shaded picnic areas and a community grill. There's also a mini-golf course, bocce, ping pong, horseshoes, and cornhole. Social events and activity groups keep the calendar full, and the community sits next to the Legacy Trail and near 12 public pickleball courts. The low monthly HOA fee covers lawn care, cable, and all amenities. The location puts you minutes from shopping, dining, and medical facilities, with downtown Sarasota, St. Armands Circle, Lido Beach, and Siesta Key all within easy reach. You're also close to the Pinecraft neighborhood, known for its restaurants and bakeries like Yoder's and Der Dutchman. Affordable living, great amenities, and a welcoming community-schedule your showing today.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017