1350 MAIN ST #1501 (MLS: A4668214) For Sale

1350 MAIN ST #1501, (Sarasota), Sarasota Florida 34236

Currently Rented at $6,500.00 / month

Area: 1448

Property Info

  • MLS A4668214
  • Unit No 1501
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1448
  • Living Area (sqft) 1364
  • Foundation Other
  • Min Lease Other
  • HOA Fees $1,424.23

Interior Features

  • Ceiling Fans(s)
  • Open Floorplan

Buy Price

$
$899,000.00

Rental Price

$
$6,500.00
  • Cap Rate
  • 5.5%
  • Gross Yield
  • 8.7%
  • Lease End Date
  • May 31, 2026
  • Rent Amount

  • $6,500.00

Cash Flow

Cap Rate5.5 Gross Yield8.7% Annual Rent$78,000.00 Property Taxes$11,510.50 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $78,000.00 $6,500.00 / mo $390,000.00 $6,500.00 / mo $780,000.00 $6,500.00 / mo
Estimated Expenses $11,510.50 $57,552.50 $115,105.00
Net Cash Flow $66,489.50 $332,447.50 $664,895.00
HOA Fees $17,090.76 $85,453.80 $170,907.60

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