1771 RINGLING BLVD #1001 (MLS: A4701318) For Sale

1771 RINGLING BLVD #1001, (Sarasota), Sarasota Florida 34236

Currently Rented at $8,600.00 / month

Area: 1984

Property Info

  • MLS A4701318
  • Unit No 1001
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1984
  • Living Area (sqft) 1808
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $4,550.00

Interior Features

  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Pest Guard System
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Split Bedroom
  • Stone Counters
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$779,000.00

Rental Price

$
$8,600.00
  • Cap Rate
  • 5.8%
  • Gross Yield
  • 13.2%
  • Lease End Date
  • May 31, 2027
  • Rent Amount

  • $8,600.00

Cash Flow

Cap Rate5.8 Gross Yield13.2% Annual Rent$103,200.00 Property Taxes$3,489.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $103,200.00 $8,600.00 / mo $516,000.00 $8,600.00 / mo $1,032,000.00 $8,600.00 / mo
Estimated Expenses $3,489.00 $17,445.00 $34,890.00
Net Cash Flow $99,711.00 $498,555.00 $997,110.00
HOA Fees $54,600.00 $273,000.00 $546,000.00

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