5235 Title Row DRIVE
About This Property
The split plan offers a bedroom full of light at the front of the home along with guest bathroom. The laundry room is centrally located and includes the washer and dryer and sink. The den with French doors is a great size for work or relaxing or used for additional guests. The primary suite is in the back of the home and offers two walk-in closets, ensuite bathroom with shower, tub and dual sinks and separate toilet room. Step right outside from this bedroom to the pool for a morning swim or coffee.
The screen enclosed lanai is Florida living at its best! Covered dining area provides shade on sunny days or while entertaining and cooking. Designer outdoor kitchen includes natural gas grill, sink, outdoor cabinetry, granite counter and refrigerator for cool drinks. The sunny pool has salt chlorine generator and even a gas heater for those few days you may need it (as also includes a solar cover) and lots of room for just hanging out. Home includes ring doorbell at front of the home and security system.
Impact windows and doors add peace of mind and the cement tile roof adds beauty to the Florida style exterior.
This home has been beautifully decorated and meticulously maintained by the original owner.
Bond portion of the CDD has been paid off.
Legends Bay is a gated community located along Sarasota Bay and just minutes from World-class IMG Academies and Golf Course and a short six mile drive to Florida's white sand gulf beaches of Anna Maria, Holmes Beach and Bradenton Beach. Sarasota International Airport is just ten minutes away. This area offers quick access to local restaurants and fine dining, cultural events and world class entertainment venues and shopping. Legend Bay HOA provides lawn maintenance care, clubhouse and pool, cable, internet and an observation boardwalk overlooking Sarasota Bay.
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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.
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About Legends Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017