1423 LANDINGS PL #59 (MLS: A4707662) For Sale

1423 LANDINGS PL #59, (Sarasota), Sarasota Florida 34231

Currently Rented at $3,500.00 / month

Area: 3112

Property Info

  • MLS A4707662
  • Unit No 59
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 3112
  • Living Area (sqft) 1912
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $4,522.67

Interior Features

  • Attic Ventilator
  • Cathedral Ceiling(s)
  • Ceiling Fans(s)
  • Eat-in Kitchen
  • High Ceilings
  • Living Room/Dining Room Combo
  • Pest Guard System
  • PrimaryBedroom Upstairs
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Thermostat
  • Vaulted Ceiling(s)
  • Walk-In Closet(

Buy Price

$
$670,000.00

Rental Price

$
$3,500.00
  • Cap Rate
  • -2.9%
  • Gross Yield
  • 6.3%
  • Lease End Date
  • November 15, 2026
  • Rent Amount

  • $3,500.00

Cash Flow

Cap Rate-2.9 Gross Yield6.3% Annual Rent$42,000.00 Property Taxes$7,187.10 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $42,000.00 $3,500.00 / mo $210,000.00 $3,500.00 / mo $420,000.00 $3,500.00 / mo
Estimated Expenses $7,187.10 $35,935.50 $71,871.00
Net Cash Flow $34,812.90 $174,064.50 $348,129.00
HOA Fees $54,272.04 $271,360.20 $542,720.40

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