5864 Ferrara DRIVE
About This Property
the popular Oakmont floorplan with extended living area. Offering three full bedrooms and a den, this split plan layout is ideal for hosting guests, providing everyone with a sense of privacy. The spacious primary suite features a walk in closet as well as an additional closet, a split-style en suite with a soaking tub, walk-in shower, and dual vanities. The open living room and dining area overlook a sizable screened-in lanai, perfect for hosting gatherings. Enjoy the tranquility of having no rear neighbors and a beautiful lake view from the owner's suite, living room, kitchen, and dining area. The home is bathed in natural light, thanks to high ceilings and an abundance of windows and sliding glass doors. Relax on the back lanai, taking in the serene surroundings. Centrally located in Sarasota, the home is just moments away from Siesta Key Beach, excellent shopping, restaurants, the YMCA, Legacy Bike Trail, Oscar Scherer State Park, downtown Sarasota, "A" rated schools, and I-75. If you aspire to live a stress-free Florida resort lifestyle every day, this meticulously cared-for home in Village Walk is your ideal sanctuary. ADDITIONAL FEATURES: NEW WASHER 2022, CAGE RESCREENED 2022, NEW DISHWASHER 2022, NEW HVAC 2022(ON MAINTENANCE PLAN), NEW REFRIDGERATOR 2021, NEW INSINKERATOR 2022, AND NEW HOTWATER HEATER 2022.
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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