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3972 HELENE STREET
About This Property
The open kitchen includes a casual eat-in dining space and overlooks the main living areas, while the indoor laundry room and attached two-car garage add everyday convenience. Step outside to enjoy your private caged pool and spa, surrounded by lush, preserve-like views that provide exceptional privacy and a peaceful backdrop.
This home offers a solid foundation and is ready for a new owner's personal updates and design touches, making it an excellent opportunity to add value while customizing the space to your own style. Forest Lakes South is one of Sarasota's most sought-after neighborhoods, known for its mature landscaping, established homes, and central location. Residents enjoy easy access to shopping, dining, golf, parks, and top-rated schools, while world-famous Siesta Key Beach is just six miles away, placing powder-soft sand and stunning Gulf sunsets within a short drive.
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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