9397 MIDNIGHT PASS RD #603 (MLS: A4678849) For Sale

9397 MIDNIGHT PASS RD #603, (Sarasota), Sarasota Florida 34242

Currently Rented at $4,000.00 / month

Area: 970

Property Info

  • MLS A4678849
  • Unit No 603
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 970
  • Living Area (sqft) 778
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $4,160.00

Interior Features

  • Ceiling Fans(s)
  • Primary Bedroom Main Floor
  • Stone Counters
  • Walk-In Closet(s)

Buy Price

$
$359,000.00

Rental Price

$
$4,000.00
  • Cap Rate
  • -1.7%
  • Gross Yield
  • 13.4%
  • Lease End Date
  • March 31, 2026

  • Rent Amount
  • $4,000.00

Cash Flow

Cap Rate-1.7 Gross Yield13.4% Annual Rent$48,000.00 Property Taxes$4,214.72 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 $4,214.72 $21,073.60 $42,147.20
Net Cash Flow $43,785.28 $218,926.40 $437,852.80
HOA Fees $49,920.00 $249,600.00 $499,200.00