A Step Above The Rest in Lorraine Lakes, this model-perfect,
move-in-ready home offers 2,239 square feet of elegant living space
with four bedrooms, two bathrooms, a formal dining room, a larger
breakfast nook, and a spacious three-car garage. Inside, you will
find a gracious foyer leading to an open-concept family room that
flows seamlessly into a modern kitchen complete with white cabinets
and granite countertops, plus a primary suite featuring dual sinks
and a walk-in shower. The exterior boasts a durable tile roof, full
gutters, full house generator, a paver driveway, and a fenced
backyard enclosing a covered paver lanai with a heated saltwater
pool and spa. This exceptional outdoor oasis overlooks a rare,
tranquil pond and preserve view, allowing you to enjoy Florida's
year-round sunshine. Situated in a 24-hour gated community that
includes lawn maintenance, residents enjoy resort-style amenities
such as a fitness center, walking trails, a lap pool, a
full-service restaurant, a tiki bar, a professional indoor
basketball court, tennis, volleyball, and pickleball courts. Set in
Lakewood Ranch for all the events, shopping, restaurants, parks,
walking and biking trails. Newly updated Premier Sports complex and
library down the street. Close to Sarasota downtown, St Pete, Anna
Maria Island and an hour to the Tampa scene. This is a perfect home
in one of the finest areas of our country.
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.
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