6505 Colonial DRIVE
About This Property
Step outside to a vibrant pool area where private dips and fun gatherings beckon under the Florida sun. The utility room's ample storage simplifies living, keeping essentials neatly organized and out of sight. The open floorplan makes entertaining a breeze and the large sunroom is the perfect spot to relax. The home comes turnkey furnished for your convenience.
Located minutes from the South Bridge, you're never far from the sandy bliss of the world-famous Siesta Key Beach. Whether it's for a day at the beach or a night out in the village, everything you need is within easy reach.
This property doesn't just offer a beautiful living space; it's also a proven success as an Airbnb. Whether you're looking for an investment opportunity, a vacation getaway, or a full-time residence, this home is perfectly poised to fulfill multiple needs. Ready to enjoy the good life every day? This home makes it possible.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Relisted | $525,000 | |
| Relisted | |||
| May 23, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed by COMPASS FLORIDA LLC | $525,000 | |
| Listed by COMPASS FLORIDA LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017