3954 Corona LANE
About This Property
Step inside to discover an inviting open-concept floor plan with an updated kitchen featuring granite countertops and stainless steel appliances. The kitchen seamlessly flows into the living room, creating an ideal space for both cooking and entertaining. Whether you're baking, meal prepping, or enjoying a leisurely breakfast, you'll appreciate the ample counter space and large breakfast bar.
The primary suite, off to the right of the living room, offers a peaceful retreat complete with spacious closets and an ensuite bathroom that also has beautiful granite countertops. Built as a split floorplan it includes an additional bedroom and another bathroom to the left side and a third bedroom to the back side providing flexibility for guests or a home office.
Outside a fenced yard and screened lanai offer opportunities for outdoor relaxation and gatherings. With a large driveway and garage, there's plenty of parking spaces and storage.
Conveniently located in Sarasota, this move-in-ready home awaits you. Don't miss the chance to make 3954 Corona Lane your own private oasis.
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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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About Sarasota Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017