3631 SUMMERWIND CIRCLE
About This Property
Formal dining room with big picture window that brings in lots of natural light. Oversized family room with trey ceiling, and views of the water. Enjoy mornings drinking coffee watching the ducks and water birds playing in the water. In the evenings you can sit on the front porch and watch as neighbors walk their dogs. Enjoy your paver driveway that was made extra wide for ample parking. Laundry room has cabinetry, sink, and a washer and dryer that was purchased in (2021). This home has very nice blinds, and shades that have been recently replaced some are Hunter Douglas blinds. Relaxenjoy the pool and the location to Anna Maria Island beaches. Just 6 miles to the beach!!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017