6127 CORAL WAY
About This Property
The east-facing patio provides a comfortable outdoor space with mature plantings and enough room for a grill and small seating area, making it a pleasant spot for morning light and shaded evening hangout.
Parkway Villas is a 55+ community with a clubhouse with saunas, and a heated pool that is currently being resurfaced. The location allows for convenient access to many popular destinations: approximately 8 miles to Anna Maria Island, 7 miles to downtown Sarasota, 6 miles to downtown Bradenton, 4 miles to SRQ Airport, 2 miles to IMG Academy, and less than half a mile to shopping, library, and local restaurants.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017