4823 HOYER DRIVE
About This Property
Endless potential on Hoyer dr! Welcome to 4823 Hoyer dr, a true Sarasota original awaiting its next chapter. This property offers a rare opportunity to bring your vision to life whether you are looking to fully renovate, reimagine, or rebuild. This home is in need of a revamp making it the perfect project for investors, builders, or buyers who dream of creating their own custom retreat. Nestled in a desirable location close to Sarasota's beaches, dining, shopping, and cultural attractions this property provides both convenience and promise. Unlock the potential and make this one your own. All information provided by the sellers is deemed reliable but is not guaranteed. Buyers are encouraged to verify all information independently.
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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