480 Island Circle
About This Property
bedroom/2 bath beach house has beamed ceilings throughout and expansive windows opening to private views of the Canal edged with native mangroves. The split floor plan home offers an owner's suite on one side and 2 guest rooms sharing a bath on the other, quartz kitchen countertops, tiled floors throughout and a wood burning fireplace, making this a perfect full-time home, vacation get-away, or monthly/seasonal rental Or build your own dream home on the 2 lots this property offers and enjoy a unique blend of peaceful island living
with easy access to all Siesta Key and Sarasota have to offer. This property is more than just a home; it's a lifestyle choice for discerning buyers seeking luxury, location, and a laid-back coastal vibe. Experience the best of Florida living in this
exceptional Siesta Key treasure.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017