6519 Wellesley DRIVE
About This Property
Conveniently located in Bayshore Gardens, where neighborhood amenities include a community pool, clubhouse, playground, park, and boat ramp- allowing you to take those weekends on the water with ease! Sitting along Sarasota Bay just north of Sapphire Shores, Bayshore Gardens' location is one of a kind and offers access to everything Sarasota and Bradenton have to offer. From Anna Maria Island, Sarasota-Bradenton International Airport, Ringling Museum of Art, the Ca d'Zan, and several higher education institutions, including USF Sarasota-Manatee and New College of Florida, are yours to explore in under 10 minutes. If you are seeking more, in under 20 minutes, you will find the world-class dining and entertainment of Downtown Sarasota and St. Armand's Circle.
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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 |
|---|---|---|---|
| Nov 20, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Sep 27, 2023 | Relisted | $365,000 | |
| Relisted | |||
| Sep 14, 2023 | In contract | - | |
| In contract | |||
| Aug 30, 2023 | Relisted | $365,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017