5111 23RD AVENUE W
About This Property
Step outside to your private Florida oasis where the pool and spacious screened lanai set the stage for effortless entertaining and everyday relaxation. The fully fenced backyard adds privacy and flexibility, whether you're hosting guests or simply unwinding in your own space. Ideally located within walking distance to GT Bray Park, you'll have access to walking trails, pickleball courts, and recreation, while still being just minutes from shopping, dining, medical care, the Bradenton Riverwalk, and the world-famous beaches of Anna Maria Island. With no HOA, no deed restrictions, and strong short-term rental potential, this home offers both lifestyle freedom and investment flexibility-all wrapped into one beautifully cared-for Florida retreat. ** Property information received from third-party sources is considered reliable but is not guaranteed. All information should be independently verified by buyers and buyers agent.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017