Charming townhouse in the maintenance-free community of Palma Sola
Trace! This home is constructed entirely of concrete block, top to
bottom, unlike most other buildings in the neighborhood, making it
extremely quiet inside, equipped with hurricane impact-resistant
windows/doors and garage door. The Carlisle floor plan offers open
living space, 3 bedrooms, 2.5 baths, 1 car garage with storage
shelving, and a screened-in lanai to drink your morning coffee or
evening beverage. Step inside to find an abundance of natural
light, ceramic tile flooring and recessed ceiling lights. The
kitchen is outfitted with stainless steel appliances including a
new microwave, granite counters, 47" wood cabinets, closet pantry
and extra storage space. The living and dining room combo offers
the ideal space for entertaining and family gatherings, and
includes a half bathroom. Upstairs is outfitted with wall-to-wall
carpeting, washer/dryer, primary bedroom with en-suite bath,
walk-in shower, vanity area and walk-in closet. Two additional
bedrooms offer privacy for your family and guests. The guest
bathroom provides a tub and shower. Some furniture available to
purchase separately. Community fees include cable, internet,
exterior maintenance and access to many amenities. Pet-friendly
community with no age restrictions and is not located in a flood
zone. Residents enjoy a maintenance-free lifestyle with plenty of
time to enjoy world-famous beaches less than five miles away or the
onsite clubhouse with a fitness center, heated lagoon style
swimming pool, playground, library and catering kitchen. Community
activities include yoga, book clubs, lunch groups, dances, social
events and holiday parties. Conveniently located minutes away from
Blake hospital, IMG Academy, golf courses, shopping and
restaurants. Spend the day touring Anna Maria Island, go deep-sea
fishing, jet-skiing in the Gulf of Mexico, kayaking and picnicking
at Robinson's Preserve. Make your appointment today to view this
amazing home.
Unit Size
1,627 Ft²
Days on Market
138 days
Land Size
-
Price per sqft
$190
Property Type
Condo
Property Taxes
$239
HOA Dues
$392
Year Built
2007
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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