7880 PALM AIRE LN #203 (MLS: A4709508) For Sale

7880 PALM AIRE LN #203, (Manatee), Sarasota Florida 34243

Currently Rented at $2,150.00 / month

Area: 1500

Property Info

  • MLS A4709508
  • Unit No 203
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1500
  • Living Area (sqft) 1500
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $698.00

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$250,000.00

Rental Price

$
$2,150.00
  • Cap Rate
  • 5.5%
  • Gross Yield
  • 10.3%
  • Lease End Date
  • July 31, 2027
  • Rent Amount

  • $2,150.00

Cash Flow

Cap Rate5.5 Gross Yield10.3% Annual Rent$25,800.00 Property Taxes$3,651.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $25,800.00 $2,150.00 / mo $129,000.00 $2,150.00 / mo $258,000.00 $2,150.00 / mo
Estimated Expenses $3,651.00 $18,255.00 $36,510.00
Net Cash Flow $22,149.00 $110,745.00 $221,490.00
HOA Fees $8,376.00 $41,880.00 $83,760.00

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