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791 Sand Dollar Drive
About This Property
The thoughtfully designed floor plan offers three bedrooms and two-and-a-half baths, including a private primary suite that occupies the entire upper level and features an updated bathroom. This beautiful space also offers access to two upper-level decks. Guest bedrooms on the main living level provide comfort and privacy for family and visitors. This elevated home with a new roof, impact resistant windows and hurricane shutters on the lanai add to the home's beauty and will help give you peace of mind.
Deeded beach access is just a short stroll away, offering the best of both waterfront living and Sanibel's beautiful beaches. Perfectly positioned on Sanibel's sought-after east end, the property offers convenient on-and-off island access while remaining just minutes from shopping, dining, and the island's renowned beaches. A spacious garage and generous bonus space provide endless possibilities, while the home's setting and layout create a rare opportunity to customize a waterfront residence in one of Sanibel's most coveted neighborhoods. Extraordinary sunsets and generations of memories await you at 791 Sand Dollar Drive!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017