4940 Rutland Gate
About This Property
The large heated, saltwater pool has been resurfaced and is surrounded by large paver stone patio with spacious covered outdoor living area within the vaulted screen caged and invites poolside dining as part and parcel part of the daily Florida lifestyle. The owners have taken great care of this home with attention to every detail. Brand new roof 2024 and new AC 2023. Large sliders throughout the rear of the home offer an unmatched view from just about every room in the house. The kitchen is open to the family room with skylight, with a pass-through window to the covered lanai area. Morning, noon or evening the outdoor living and that long shaded view of the golf course says sit back, take a load off and enjoy just being home. The large master suite features double sinks with granite countertops, double walk-in closets, and a full linen closet. The Meadows' Renaissance Access Card Program provides all homeowners and yearly tenants access to amenities such as fitness center, JR Olympic pool, dog park, basketball court, dining, pickle-ball courts, playground, fishing, 14 miles of walking/running/biking trails, without extra fees. Membership to The Meadows Country Club is optional and affordable for use of the 17 Har Tru tennis courts and 3 golf courses (2 Public, 1 private). The unbeatable Meadows location offers easy access to beaches, Downtown Sarasota, University Town Center, Downtown Lakewood Randch, I-75, Nathan Benderson Aquatic Center, Mote Marine Aquarium and the white sandy beaches and gulf waters, Schedule your viewing now. Listing agent must accompany. Call Ken for an appointment.
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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