8750 OLDE HICKORY AVE #9207 (MLS: A4676438) For Sale

8750 OLDE HICKORY AVE #9207, (Sarasota), Sarasota Florida 34238

Currently Rented at $5,000.00 / month

Area: 1373

Property Info

  • MLS A4676438
  • Unit No 9207
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1373
  • Living Area (sqft) 1238
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $2,017.42

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Stone Counters
  • Walk-In Closet(s)

Buy Price

$
$305,000.00

Rental Price

$
$5,000.00
  • Cap Rate
  • 10.8%
  • Gross Yield
  • 19.7%
  • Lease End Date
  • March 31, 2026

  • Rent Amount
  • $5,000.00

Cash Flow

Cap Rate10.8 Gross Yield19.7% Annual Rent$60,000.00 Property Taxes$2,863.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $60,000.00 $5,000.00 / mo $300,000.00 $5,000.00 / mo $600,000.00 $5,000.00 / mo
Estimated Expenses $2,863.00 $14,315.00 $28,630.00
Net Cash Flow $57,137.00 $285,685.00 $571,370.00
HOA Fees $24,209.04 $121,045.20 $242,090.40