725 Westlake CIRCLE
About This Property
Features include: pavered driveway and lanai, custom plywood cabinetry, solid surface counters, vaulted ceilings, walk-in closets and pantry as well as block construction and impact windows to keep insurance costs down.
Location is everything and this home is conveniently located in a great school district and just minutes from I-75, the UTC shopping district, Downtown Sarasota, Sarasota Memorial Hospital and about 20 minutes to St. Armands Circle and Lido Beach. You will not want to miss your chance to own this brand new piece of paradise!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
| Mar 15, 2024 | Price Decreased |
$825,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Feb 3, 2024 | Relisted | $849,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017