491 CONRAD ROAD
About This Property
The kitchen is updated with stainless steel appliances, a water filtration system, Corian countertops, and new cabinets. It is adorable.
Each bedroom and the living room are equipped with ceiling fans. 2 of the bedrooms have dual closets.
Enjoy your mornings listening to the birds in the large screened lanai overlooking your fenced back yard or have a cocktail in the evening while the pets play.
The garage has a nicely painted floor, along with a new washer and dryer, a workbench, and additional storage shelves and cabinets.
The home itself has elevation. The driveway is sloped. There are 3 steps up to the front door, 2 steps down to the garage from inside and 2 steps down to the lanai. This should reduce insurance costs as there is less risk of any flooding and it never has Never flooded.
The septic along with drainfield was replaced in 2016.
This property is conveniently located just minutes from the South Venice Beach Ferry and Boat Launch, the South Venice Yacht Club, and Shamrock Park and Nature Center. It is less than 2 miles away from Walmart and Publix, as well as being close to several gas stations, restaurants, and bars.
The home is surrounded by neighbors with well kept properties and there is a vacant lot next door providing privacy on one side. The lot is owned by a neighbor who does not intend to build.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017