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755 CUMBERLAND ROAD
About This Property
Step outside to enjoy your private screened-in pool and fenced yard-perfect for relaxing, entertaining, or enjoying Florida's year-round outdoor lifestyle.
Ideally located for those who love the beach and an active coastal lifestyle, this home is just a short drive from Venice Island, Venice and Englewood Beaches, Wellen Park, and Shamrock Park. The community also offers a ferry to Manasota Key and a boat launch available for a minimal fee, making it easy to enjoy boating, fishing, and days on the water.
Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this home offers the space, amenities, and location to enjoy all that Southwest Florida has to enjoy. This property is also located in Zone X which is not a flood zone.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017