872 MACAW CIRCLE
About This Property
A Lifestyle to Love. Life in this vibrant, guard-gated community goes far beyond your front door. Residents enjoy 27 holes of semi-private golf, a full social club membership, a dynamic women's association with 45+ interest groups, a fitness facility, dining and event venues, tennis, pickleball, a heated pool, and more. Lawn care, high-speed internet, and expanded cable are all included for effortless living.
Beyond the gates. You're just minutes from the charming boutiques, white-sand beaches, and cultural experiences of Historic Venice Island, the growing Wellen Park community, and everything the greater Sarasota area has to offer.
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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