511 E Baffin DRIVE
About This Property
This is the ideal permanent or 2nd home, located in a well-established neighborhood, where neighbors take pride in their homes. This home has great curb appeal with new landscaping of trees and shrubs. When you enter, you will be pleased with the open concept that makes entertaining and visiting with family and friends easy to manage. The living room is a restful place with a free standing, ventless, bio-fuel ethanol fireplace. The kitchen is open to the dining room, family room and lanai. The lanai is awesome at 24x12 ft. with lots of room for lounge chairs and tables. The split floor plan provides privacy for the owners as well as guests.
South Venice has an optional fees: $50 for the HOA; Ferry Pass to the beach $110/yr; Boat Ramp Key $80/yr.
South Venice is close to shopping, churches, Movie Theater, beaches (Venice -5.2 mi. and Manasota 5.4 mi.) restaurants and downtown Venice (5 mi.).
This could be YOUR HOME!
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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