606 Casabella DRIVE
About This Property
The open-concept living space welcomes in filtered natural light, creating a bright but cool and airy ambiance. The flooring throughout is a refinished terrazzo incorporating some of the original features to make this a classic Florida home. The kitchen has new stainless steel appliances, stone countertops and plenty of storage, including a center island. Three overall well sized bedrooms with generous closets provide multiple options for layout. The primary suite is spacious, has a full size en suite bathroom fully renovated in 2022 including a walk in shower. The second bathroom is bright and colorful with a tub and shower.
The outdoor space is a true highlight. A private backyard with lush landscaping provides a serene setting for relaxation or entertainment with a hot tub and golf putting practice green included! There is also a shaded screened porch for your morning coffee.
This property's history as a successful Airbnb is a testament to its appeal. With good occupancy rates and glowing 5 star reviews, it has proven to be a favorite among guests. Whether you're an investor looking for a profitable rental property or a buyer searching for a new place to call home, 606 Casabella Drive offers solid value. Its prime location in the charming Palma Sola neighborhood, which is celebrated for its picturesque streets that feature an impressive mix of classic and contemporary homes, make it a standout choice.
No HOA - HVAC system 2016 and Roof 2014, 2020 electric panel with surge protector and generator plug. Water Heater is 2024. With a close proximity to Anna Maria Island beaches, downtown Bradenton, Robinson Preserve, and numerous parks just minutes away. - Whether you're seeking a peaceful cozy residential retreat or a convenient base for exploring the area, 606 Casabella Drive is perfectly situated
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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%.
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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.
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