356 Ibiza LOOP
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Relisted | $384,999 | |
| Relisted | |||
| Jan 31, 2024 | In contract | - | |
| In contract | |||
| Jan 26, 2024 | Listed by HOME MATCHMAKING REALTY | $384,999 | |
| Listed by HOME MATCHMAKING REALTY | |||
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COMPLETED HOME! Located in highly desirable North Venice, Palencia is one of the area’s newest communities on the corner of Jacaranda Boulevard and Border Road. Design and colors in Palencia were carefully selected and provide a light, neutral, coastal feel. The Carrington villa floorplan offers a spacious primary suite with en-suite bath and walk-in closet, guest suite, full guest bath and den. Entertaining is effortless as the kitchen opens to the spacious great room and dining room overlooking the backyard. Enjoy upgraded standard features throughout including impact glass windows, quartz countertops in the kitchen and baths, soft-close cabinets complete with roll out organization in the kitchen, comfort height commodes, a private laundry room, screened in lanai and 2-car garage. Additionally, moving into your new home will be a breeze as all kitchen appliances, washer and dryer and blinds on all windows are included! Experience relaxing evenings from your private lanai and backyard with no rear neighbors. The brand-new clubhouse located in the center of the community offers residents a large community pool, fitness center and bocce ball. Additionally, there are walking trails for residents’ enjoyment. This is a maintenance free community with low HOAs and no CDDs! Palencia provides convenience for residents being just a short drive to local beaches, the new Venice Regional Hospital, in the A-Rated Sarasota County school district and quick access to I75 for an easy commute.
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| Jan 13, 2024 | Price Decreased |
$389,999
↓ $10K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017