5608 GARDEN LAKES DRIVE
About This Property
Step through the front entryway into the bright main living and dining areas, where the vaulted ceiling, large bay window, and skylight allow natural light to pour in.
The split floor plan offers privacy for both owners and guests. The primary suite includes a walk-in closet and en-suite bath, while the guest bedroom and bathroom are thoughtfully positioned on the opposite side of the home.
Just beyond, the Florida room/den provides flexible space for a home office, reading room, or additional sitting area, with relaxing views of the lush tropical greenery behind the home. Outside, retreat to your patio - the perfect spot to enjoy morning coffee or evening breezes - with easy access to the community walking path.
The kitchen features solid-surface countertops, a comfortable dinette area, and a pass-through that opens the space to the main living area, making everyday living and entertaining a breeze.
This villa has been consistently cared for over the years and represents compelling value compared to similar homes currently available within the community.
Residents of Garden Lakes enjoy an amenity-rich lifestyle with a clubhouse, social events, heated pool, fitness center, shuffleboard, tennis and pickleball courts, and scenic walking paths - all just steps from your door.
Tucked into a quiet setting yet minutes from grocery stores, shopping, medical facilities, Sarasota-Bradenton International Airport, and I-75, this home offers the ideal balance of convenience and tranquility.
If you've been waiting for a well-priced villa in Garden Lakes with privacy and easy access to community amenities, this one deserves a spot at the top of your showing list.
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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