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4603 TROUT RIVER CROSSING
About This Property
This Covered Bridge single-story is a true fixer-upper opportunity - priced for a buyer ready to roll up their sleeves. Built in 2005, this 3-bedroom, 2-bath home sits on a 7,579 sq ft lot with a practical one-story layout, but it needs work throughout, including updated flooring, paint, and finishes to bring it back to move-in condition.
The good news: the biggest-ticket item is already done. A brand-new roof was installed in May 2025, so buyers can focus their renovation budget on cosmetics and updates rather than major systems.
This is an as-is opportunity best suited for a cash buyer, investor, or anyone comfortable taking on a renovation project.
Covered Bridge offers a community pool, tennis courts, playground, and clubhouse with fitness room for just $67/month HOA, with no CDD fees. Located minutes from Ellenton Outlet Mall with easy access to I-75 and US 301 for a convenient Bradenton/Sarasota or Tampa/St. Pete commute.
Bring your contractor and your vision - this one is ready for a full refresh.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $350,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Dec 5, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017