6847 Wagon Wheel CIRCLE
About This Property
The current owner missed no detail, creating ample storage throughout the home and ensuring views of lush landscaping from each window! Brand new on demand hot water tank and Trane HVAC has been recently installed. The lanai is like a garden retreat overlooking stunning landscaping, palm trees and all the nature Florida has to offer. Mote ranch is a super convenient location just minutes from all of the premiere shopping and dining UTC has to offer, minutes to 75 and less than 15 miles to World Class Siesta Key Beach! Room Feature: Linen Closet In Bath (Primary Bedroom).
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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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About Manatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017