7412 Starfish DRIVE
About This Property
CORAL COVE is a sweet spot BOATING COMMUNITY West of the TRAIL, just a mere 3 miles from fabulous Siesta Key Beach offering direct boating access to LITTLE SARASOTA BAY, a PRIVATE PARK and its own BOAT LAUNCH within a short walk. The location can't be topped.
Bring your BOAT, parking is OK! HOA and boat launch optional w/minimal fees. Flood Insurance Optional, Sarasota A-Rated Schools. Buyer to verify all measurements, Sold AS IS with RIGHT TO INSPECT
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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 Coral Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017