2244 PALM TER (MLS: A4623728) For Sale

2244 PALM TER, (Sarasota), Sarasota Florida 34231

Currently Rented at $4,000.00 / month

Area: -

Property Info

  • MLS A4623728
  • Unit No -
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) -
  • Living Area (sqft) 1680
  • Foundation Slab
  • Min Lease Slab

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$649,000.00

Rental Price

$
$4,000.00
  • Cap Rate
  • 6.8%
  • Gross Yield
  • 7.4%
  • Lease End Date
  • September 18, 2025

  • Rent Amount
  • $4,000.00

Cash Flow

Cap Rate6.8 Gross Yield7.4% Annual Rent$48,000.00 Property Taxes$3,731.74 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $48,000.00 $4,000.00 / mo $240,000.00 $4,000.00 / mo $480,000.00 $4,000.00 / mo
Estimated Expenses $3,731.74 $18,658.70 $37,317.40
Net Cash Flow $44,268.26 $221,341.30 $442,682.60