Welcome to resort-style living in Cresswind at Lakewood Ranch, a
premier 55+ community! This beautifully appointed home offers
stylish flooring, upgraded lighting throughout and an impressive
collection of thoughtful upgrades. The kitchen showcases soft-close
cabinetry and a striking waterfall-edge countertop, while the
inviting fireplace includes a heater and cleverly concealed storage
for a robotic vacuum.
Custom closet organization in the primary suite and custom
cabinetry in the second bedroom provide excellent storage. The
extended, insulated garage includes EV charging and a mini-split
system for year-round comfort. Additional conveniences include
soffit electrical outlets and upgraded lanai lighting.
Step outside to your private retreat featuring a heated saltwater
pool-perfect for relaxing or entertaining while enjoying the
Florida lifestyle. Basic cable and internet are included through
the HOA.
Ideally situated near the shopping, dining, and entertainment of
Lakewood Ranch and The Mall at University Town Center, the home
also provides convenient access to Sarasota, Sarasota-Bradenton
International Airport, the beautiful Gulf Coast beaches, and the
greater Tampa Bay area. This exceptional property combines comfort,
quality, and carefully selected upgrades with an outstanding
location.
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.
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