4536 Conrad ROAD
About This Property
This 3/2 split plan home is situated on an oversized lot on a quiet street. It has quick and easy access to shopping, restaurants, and medical facilities.
Nearby Shamrock Park & Nature Center offers walking trails, a playground, tennis courts, and access to the Venetian Waterway Park, with more than 8 miles of paved waterfront trails. The North end of the Venetian Trail connects directly to the Legacy Trail, which offers an additional 18 miles of paved biking and walking trail, all the way to downtown Sarasota.
Homes in this neighborhood are eligible to join the South Venice Civic Association, which provides access to a private beach (via a community-owned ferry boat) and a boat ramp to launch your own boat. See www.southvenicebeach.org for details.
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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