5783 Vanderipe Rd ROAD
About This Property
Myakka Valley Ranches is one of the largest equestrian communities in Sarasota County with OVER 35 MILES of horse and hiking trails, This peaceful friendly country community has 321 parcels spaced out over about 2500 acres, each over five acres, and is an active community with a riding club, book club and women's clubs plus an events committee who organize holiday events for Halloween, Christmas, Fourth of July and many others, plus boat launch off one of the two community parks for kayak/canoes. "A" rated schools! With Myakka State Park right outside the community you can enjoy an outdoor afternoon or do some camping Old Florida Style. You're an easy drive (less than 10 minutes) to I75 as well as Publix and other shopping/dining options, and only about a half hour to World Famous Siesta Key and downtown Sarasota. At this low square foot price, this fixer home is a rare opportunity to purchase in sought-after Myakka Valley Ranches and put in the elbow grease to make this home truly shine!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Aug 2, 2021 | Listed by RE/MAX PLATINUM REALTY | $425,000 | |
| Listed by RE/MAX PLATINUM REALTY | |||
| Oct 29, 2020 | Sold | ||
| Sold | |||
| Sep 24, 2020 | No longer available | - | |
| No longer available | |||
| Sep 21, 2020 | Listed by RE/MAX PLATINUM REALTY | $399,000 | |
| Listed by RE/MAX PLATINUM REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017