6503 26TH STREET W
About This Property
The major systems were also taken care of with a new roof and A/C in 2019. Outside, the fenced backyard offers privacy and includes two storage sheds, perfect for extra space. Residents of Bayshore Gardens enjoy access to a marina with available boat slips, a boat ramp, community pool, and a playground.
Ideally located, this home is just 3 miles from IMG Academy, 1 mile from State College of Florida, and only a 15-minute drive to the beaches of Anna Maria Island. Whether you're seeking a primary residence, vacation home, or investment opportunity, this property has it all.
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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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About Bay shore Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017