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5015 BROOKMEADE DRIVE
About This Property
Welcome to 5015 Brookmeade Drive, a centrally located Sarasota gem offering comfort, convenience, and opportunity. This 3-bedroom, 1-bath residence features approximately 900 square feet of living space with a functional layout, tile flooring throughout, updated bathroom and an abundance of natural light. Newer Roof and A/C system installed in 2022.
The efficient galley-style kitchen offers a practical design that maximizes functionality and flow, while the open living and dining areas create an inviting atmosphere for everyday living. Step outside and discover a spacious backyard filled with possibilities. Whether you envision a private tropical retreat, outdoor entertaining space, garden, or future enhancements, this property provides the perfect canvas to bring your vision to life. A screened front patio provides the perfect spot to enjoy your morning coffee, unwind in the evening, or take advantage of Florida's beautiful weather year-round.
Ideally situated in the heart of Sarasota, you'll enjoy easy access to I-75, downtown Sarasota, shopping, dining, parks, and the area's world-famous Gulf Coast beaches. Whether you're searching for a primary residence, seasonal getaway, or investment opportunity, this property offers exceptional value and unlimited potential in a highly desirable location.
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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