5823 Wilson ROAD
About This Property
CUSTOM 3 bedroom, 2 bath POOL home with a 3 CAR GARAGE located in GULF VIEW ESTATES, a "HIdden Gem" deed-restricted community with LOW HOA FEES($215 per year) only 5 minutes to Manisota Key Beach and just around the corner from all of the great shopping, dining and entertainment offered in the Venice Area!
This OPEN PLAN features High Ceilings, custom features throughout and lots of windows for natural light and private views of the wooded area behind the home. The Chef's Kitchen has Solid Wood Cabinets, Stainless Steel Appliances, Gleaming GRANITE counters, a Tile Backsplash, an oversized Pantry, a Breakfast Bar, a Center Island and a small nook overlooking the Lanai, the Pool and the Wooded View. The adjacent Family Room has a double tray ceiling and features "disappearing" doors that overlook the Sparkling Screened Pool. The Spacious OWNER'S RETREAT features a tray ceiling, large Walk-in Closet, an en-suite Bath with a raised marble top double sink vanity, a separate private commode, a Linen closet, and a Walk-in Shower with no shower door to clean!! The two Guest Bedrooms, a Guest Bath with a raised Vanity, a tub/shower and Linen closet, are privately located on the opposite side of the home. The Laundry Room features storage cabinets and a built-in Laundry Tub. The sought after 3 car garage has a Laundry Tub and a screen door enclosure. The Roof, Hot Water Heater, A/C System, Pool Heater, and Pool Screen were all replaced within the past 2 years.
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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.
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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