7692 COVE TER (MLS: A4680569) For Sale

7692 COVE TER, (Sarasota), Sarasota Florida 34231

Currently Rented at $9,500.00 / month

Area: 3599

Property Info

  • MLS A4680569
  • Unit No -
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 3599
  • Living Area (sqft) 2640
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $12.50

Interior Features

  • Built-in Features
  • Ceiling Fans(s)
  • Crown Molding
  • Eat-in Kitchen
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Pest Guard System
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Split Bedroom
  • Stone C

Buy Price

$
$3,990,000.00

Rental Price

$
$9,500.00
  • Cap Rate
  • 2.2%
  • Gross Yield
  • 2.9%
  • Lease End Date
  • January 31, 2027
  • Rent Amount

  • $9,500.00

Cash Flow

Cap Rate2.2 Gross Yield2.9% Annual Rent$114,000.00 Property Taxes$24,467.40 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $114,000.00 $9,500.00 / mo $570,000.00 $9,500.00 / mo $1,140,000.00 $9,500.00 / mo
Estimated Expenses $24,467.40 $122,337.00 $244,674.00
Net Cash Flow $89,532.60 $447,663.00 $895,326.00
HOA Fees $150.00 $750.00 $1,500.00

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