803 MONTROSE DR #201 (MLS: N6142125) For Sale

803 MONTROSE DR #201, (Sarasota), Venice Florida 34293

Currently Rented at $4,000.00 / month

Area: 1537

Property Info

  • MLS N6142125
  • Unit No 201
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1537
  • Living Area (sqft) 1365
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $476.00

Interior Features

  • Ceiling Fans(s)
  • High Ceilings
  • Living Room/Dining Room Combo
  • Split Bedroom
  • Stone Counters
  • Vaulted Ceiling(s)
  • Window Treatments

Buy Price

$
$279,000.00

Rental Price

$
$4,000.00
  • Cap Rate
  • 14%
  • Gross Yield
  • 17.2%
  • Lease End Date
  • March 31, 2026

  • Rent Amount
  • $4,000.00

Cash Flow

Cap Rate14.0 Gross Yield17.2% Annual Rent$48,000.00 Property Taxes$3,335.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $48,000.00 $4,000.00 / mo $240,000.00 $4,000.00 / mo $480,000.00 $4,000.00 / mo
Estimated Expenses $3,335.00 $16,675.00 $33,350.00
Net Cash Flow $44,665.00 $223,325.00 $446,650.00
HOA Fees $5,712.00 $28,560.00 $57,120.00