534 SILK OAK DRIVE
About This Property
Features: ROOF 2 YEARS for peace of mind & long-term value. Cook's kitchen with Quartz countertops, custom drawers, designer backsplash, and mostly new appliances. Solar heated pool surrounded by lush landscaping for total privacy and year-round enjoyment. Spacious living area including living /dining combo and a family room with vaulted ceilings. Upgrades with newer hot water heater, new electrical panel and has been replumbed. Storm ready with accordion hurricane shutters and elegant plantation shutters. Seller to provide a HOME WARRANTY for the buyer for peace of mind. Low HOA & no CDD fees. Community offers a 35-acre lake for biking, with walking paths & benches to relax & take in the beauty of the sparkling lake, wildlife, birds & nature. Convenient location to Gulf beaches, fine dining, shopping, I-75 & historic downtown Venice.
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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