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3422 FENWAY DRIVE
About This Property
Designed with a desirable split floor plan, this home offers privacy and convenience for both homeowners and guests. The oversized primary suite serves as a peaceful retreat, featuring a spacious bedroom, large walk-in closet, and a private en-suite bathroom. Two additional bedrooms and a full guest bathroom are thoughtfully positioned on the opposite side of the home.
Step inside and appreciate the many recent updates throughout, including newer kitchen cabinets, updated countertops, beautiful flooring, and fresh interior and exterior paint, creating a stylish and move-in-ready living space. The home features no carpet throughout, offering easy maintenance and a clean, modern feel.
Being sold fully turnkey furnished, this property allows you to move right in or begin generating rental income immediately. The inviting living spaces flow seamlessly to the oversized screened-in lanai, providing the perfect place to relax, entertain guests, or enjoy Florida's year-round sunshine.
Outside, you'll find a large, fully fenced backyard with plenty of room for pets, play, gardening, or even the future addition of a pool. For added peace of mind, the home is equipped with brand-new built in accordion hurricane shutters on every window, providing both convenience and storm protection.
Located in one of Sarasota's most desirable areas, this property offers no rental restrictions, making it an exceptional opportunity for investors, seasonal residents, first-time homebuyers, or those searching for their forever home. Enjoy being just minutes from world-famous Siesta Key Beach, exceptional dining, shopping, entertainment, parks, and top-rated schools.
This move-in-ready home combines modern updates, flexibility, and an unbeatable location-all in one exceptional package. Whether you're looking for a full-time residence, a seasonal retreat, or a strong investment opportunity, this Sarasota gem is ready to impress. IMPORTANT ITEMS: AC REPLACED IN 2022, HOT WATER HEATER REPLACED IN 2021, ROOF REPLACEMENT 2017. Schedule your tour 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