5407 Title Row DRIVE
About This Property
Great room has three large windows for natural light and tray ceiling with ceiling fan.
There is a bedroom and full bath with walk in shower on the first floor; this space is also perfect for an in home office.
Wooden stairs lead to the open bonus room upstairs, perfect for entertaining or for a family retreat. The bonus room has a large closet and triple windows and could be converted to 5th bedroom. Two south facing bedrooms are full of light. A full bath with linen closet and separated tub/toilet room is accessed by the hall.
The primary bedroom with tray ceiling features a sitting area and oversized en-suite bathroom with corner tub and huge walk in shower. Separate vanities house plenty of cabinetry for storage. This bath has separate toilet area and linen closet. Large walk-in closet leads to the second floor laundry room with multiple cabinets for storage, and laundry sink hook up. Washer and dryer is included.
Enjoy the evenings on the large front porch or relaxing on the covered rear lanai. Natural gas rough in and water hook-up is already on the lanai, ready for you to add a grill or an outdoor kitchen. Mature landscaping surrounds the home and there is a large rear yard with plenty of space to add a pool or expand outside living area. View beautiful Sarasota Bay from the community boardwalk.
Located along Sarasota Bay, Legends Bay is a gated community just minutes from IMG Academies and Golf Club and six miles from the gorgeous Gulf of Mexico and its outstanding beaches and area restaurants. Sarasota International Airport is 15 minutes away. Downtown Sarasota is 10 miles from this unique location and Bradenton Riverwalk is only minutes away. This area offers many fine dining and entertainment venues.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017