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6429 RENSSALAER DRIVE
About This Property
The home is located in X500 flood zone (which means flood insurance is not mandatory).
There is plenty to keep you involved if you choose - the active Community Center and pool is located just down the street. The home is located just miles from the cultural and entertainment hub of Sarasota, just over 8 miles from the beautiful white sandy beaches of Bradenton Beach, 6 miles to SRQ airport, 11 miles to UTC, 10 miles to St. Armands, and under 10 minutes to the Ringling Art museum. There is plenty of close-by shopping - including the local favorite Detweilers Farm Market® and the newly remodeled Publix® only 1.5 miles away. Make your appointment to come see what independent Florida living can be like!!
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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