8977 MIDNIGHT PASS RD #519 (MLS: A4694054) For Sale

8977 MIDNIGHT PASS RD #519, (Sarasota), Sarasota Florida 34242

Currently Rented at $7,000.00 / month

Area: 1233

Property Info

  • MLS A4694054
  • Unit No 519
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1233
  • Living Area (sqft) 1233
  • Foundation Pillar/Post/Pier
  • Min Lease Pillar/Post/Pier
  • HOA Fees $1,075.00

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$585,900.00

Rental Price

$
$7,000.00
  • Cap Rate
  • 11%
  • Gross Yield
  • 14.3%
  • Lease End Date
  • -

  • Rent Amount
  • $7,000.00

Cash Flow

Cap Rate11.0 Gross Yield14.3% Annual Rent$84,000.00 Property Taxes$6,490.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $84,000.00 $7,000.00 / mo $420,000.00 $7,000.00 / mo $840,000.00 $7,000.00 / mo
Estimated Expenses $6,490.00 $32,450.00 $64,900.00
Net Cash Flow $77,510.00 $387,550.00 $775,100.00
HOA Fees $12,900.00 $64,500.00 $129,000.00