469 Magellan DRIVE
About This Property
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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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Jan 19, 2024 | Listed by MICHAEL SAUNDERS & COMPANY | $699,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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Discover serenity at this newly renovated three-bedroom, two-bath gem spanning almost 1800 sq ft, nestled along the picturesque Canal of Bowless Creek. Sold fully furnished, this property is a mere five-minute drive from Sarasota Bradenton International Airport and just 10 minutes from downtown Sarasota. This home is a boater's dream, with over 100ft of canal frontage, deep water access where you can be out to the Gulf in less than 15 minutes and fresh water hook up, enjoy fishing in the morning and have your catch on the dinner table in the evening. Located across the street from one of Florida's premier golf courses, Sara Bay Country Club, this home comes with the optional culinary membership. Conveniently situated near shops, beaches, restaurants and more, it's an ideal addition to your real estate portfolio. Embrace the potential for a custom pool in the spacious backyard, and savor evenings on the back patio beneath the shade of mature trees. Witness the captivating presence of manatees in the warmer winter waters, creating an idyllic retreat for those seeking both comfort and natural beauty
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| Apr 22, 2022 | Sold | ||
| Sold | |||
| Mar 7, 2022 | Listed by WAGNER REALTY | $575,000 | |
| Listed by WAGNER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017