7116 DREWRYS BLUFF
About This Property
Ashley Oaks a small sub-division of Tara. Only $120 a year for HOA fee. Close to shopping, and retail outlets. Hop on 75 and go south one exit to UTC Mall, Sarasota Airport. In less than an hour head north to Tampa/St Pete area for professional sports teams, theaters, and even a cruise port.
This is a rare gem with all the upgrades including crown molding throughout the house. Two car garage with storage cabinets.
B membership is a rare fine- only $257 a month for all the privileges of country club living. There is a $1525 capital contribution one time fee at closing for the Buyer. Live-Play-Love in this lovely home within Tara Golf & Country Club.
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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