618 BIRD BAY DR S #202 (MLS: N6134713) For Sale

618 BIRD BAY DR S #202, (Sarasota), Venice Florida 34285

Currently Rented at $1,500.00 / month

Area: 1018

Property Info

  • MLS N6134713
  • Unit No 202
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1018
  • Living Area (sqft) 940
  • Foundation Block
  • Min Lease Block
  • HOA Fees $668.00

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$159,000.00

Rental Price

$
$1,500.00
  • Cap Rate
  • 5%
  • Gross Yield
  • 11.3%
  • Lease End Date
  • October 31, 2026

  • Rent Amount
  • $1,500.00

Cash Flow

Cap Rate5.0 Gross Yield11.3% Annual Rent$18,000.00 Property Taxes$2,053.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $18,000.00 $1,500.00 / mo $90,000.00 $1,500.00 / mo $180,000.00 $1,500.00 / mo
Estimated Expenses $2,053.00 $10,265.00 $20,530.00
Net Cash Flow $15,947.00 $79,735.00 $159,470.00
HOA Fees $8,016.00 $40,080.00 $80,160.00