4770 Breezy Pines BOULEVARD
About This Property
Awesome 3BR/2B home with a 2-car garage in north Sarasota. This home features cathedral ceilings in the large living room, open-concept plan, and a covered and newly-screened rear patio overlooking a pond. The kitchen has handsome Silestone counters, newer stainless steel appliances, and recently painted beadboard tuxedo cabinets. There is an inside laundry and the bedrooms are on a split bedroom plan. The guest bathroom was partially updated and the home has raised-panel doors. Beyond the covered and screened patio is an outside brick-pavered patio with peaceful water views. This home is in a well-kept and deed-restricted neighborhood and is close to I-75, the Fruitville Road corridor, and about 8 minutes to downtown Sarasota.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017