6023 45TH STREET W
About This Property
This Fairways community is just a short golf cart ride to IMG Academy Golf and Club and Bradenton Tennis Club and just 3 miles to the world re-known IMG Academies campus. A multitude of grocery and retail stores are just a short drive away, as well as local and fine dining. A six mile drive takes you to the beautiful crystal sands of Anna Maria, Bradenton and Longboat beaches. Visit downtown Bradenton for local events, weekly farmers market and Manatee River views. Just 10 miles away in Sarasota, discover entertainment venues, The Sarasota Opera House and fine dining. The newly expanded Sarasota International Airport offers a gateway to pleasure or business travel and Tampa International Airport is a direct drive just about 1 hour away.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017