309 AMHERST AVE #51 (MLS: A4697447) For Sale

309 AMHERST AVE #51, (Sarasota), Sarasota Florida 34232

Currently Rented at $2,000.00 / month

Area: 1250

Property Info

  • MLS A4697447
  • Unit No 51
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 1250
  • Living Area (sqft) 1250
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $499.00

Interior Features

  • Ceiling Fans(s)
  • Dry Bar
  • Living Room/Dining Room Combo
  • PrimaryBedroom Upstairs

Buy Price

$
$145,000.00

Rental Price

$
$2,000.00
  • Cap Rate
  • 11%
  • Gross Yield
  • 16.6%
  • Lease End Date
  • March 15, 2027

  • Rent Amount
  • $2,000.00

Cash Flow

Cap Rate11.0 Gross Yield16.6% Annual Rent$24,000.00 Property Taxes$2,012.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $24,000.00 $2,000.00 / mo $120,000.00 $2,000.00 / mo $240,000.00 $2,000.00 / mo
Estimated Expenses $2,012.00 $10,060.00 $20,120.00
Net Cash Flow $21,988.00 $109,940.00 $219,880.00
HOA Fees $5,988.00 $29,940.00 $59,880.00