8387 38TH STREET CIR E #305 (MLS: A4661714) For Sale

8387 38TH STREET CIR E #305, (Manatee), Sarasota Florida 34243

Currently Rented at $1,495.00 / month

Area: 830

Property Info

  • MLS A4661714
  • Unit No 305
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 830
  • Living Area (sqft) 742
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $258.00

Interior Features

  • Ceiling Fans(s)
  • High Ceilings
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Thermostat
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$209,000.00

Rental Price

$
$1,495.00
  • Cap Rate
  • 5.8%
  • Gross Yield
  • 8.6%
  • Lease End Date
  • September 30, 2025

  • Rent Amount
  • $1,495.00

Cash Flow

Cap Rate5.8 Gross Yield8.6% Annual Rent$17,940.00 Property Taxes$2,633.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $17,940.00 $1,495.00 / mo $89,700.00 $1,495.00 / mo $179,400.00 $1,495.00 / mo
Estimated Expenses $2,633.00 $13,165.00 $26,330.00
Net Cash Flow $15,307.00 $76,535.00 $153,070.00
HOA Fees $3,096.00 $15,480.00 $30,960.00