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355 TRINITY ROAD
About This Property
Inside, ceramic tile runs through the main living areas, with ceiling fans throughout for everyday comfort. The kitchen offers a built-in oven, cooktop, dishwasher, and refrigerator, plus a breakfast bar that opens to the family room, a practical layout for daily living. The primary bedroom carries tile flooring and connects to a full bath, and a second full bath serves the additional bedrooms. A screened, covered lanai off the sliding doors adds year-round outdoor space.
Recent mechanical updates: roof (2024), water heater (2023), and windows replaced (2022) - with the A/C unit currently around 12 years old. The home is on well water and septic, common for this pocket of South Venice, and the metal roof adds durability against the Gulf Coast climate.
3 miles to Manasota Beach, 7 miles to Venice Beach, 6.5 miles to downtown Venice, 6 miles to I-75, 6 miles to Dearborn Street, and 6 miles to downtown Wellen Park.
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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%.
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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