614 Beverly DRIVE
About This Property
Step inside to discover a thoughtfully designed interior boasting custom tile, an updated open concept kitchen, engineered hardwood floors, and spaciously defined rooms with expansive arches, high ceilings and architectural detail. The dining room seamlessly leads to the very private abundantly spacious courtyard and heated pool. The desired one level split floor plan allows for additional privacy for visiting family and guests. The primary suite was enlarged from the original foot print to showcase a large updated bathroom and custom closets. Enjoy sitting in front of your fireplace on a cool winter Florida evening in the den overlooking the front garden. The large two car garage features extra space for additional storage or a work area. The owners attentively invested in "green" updates that provide for very low utility bills including a heat pump hot water heater, passive solar pool heating and solar panels that provide for all of the electrical needs of the house. The large yard provides an excellent space for outdoor activities, gardening, or simply relaxing under the Florida sun.
Sarasota boasts a rich cultural scene, including art galleries, theaters, and museums. The John and Mable Ringling Museum of Art, with its beautiful grounds, is a notable attraction in the area. Sarasota is not only known for its beautiful beaches but also its cultural amenities attractions, and vibrant arts scene. This property at 614 Beverly Drive is more than just a home; it's an opportunity to embrace the arts, culture, downtown, bayfront, and beaches of the Sarasota lifestyle. Don't miss the chance to make this your own, schedule a private showing today.
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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