902 GIBBS RD #285 (MLS: N6142320) For Sale

902 GIBBS RD #285, (Sarasota), Venice Florida 34285

Currently Rented at $4,500.00 / month

Area: 660

Property Info

  • MLS N6142320
  • Unit No 285
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 660
  • Living Area (sqft) 660
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $4,000.00

Interior Features

  • L Dining
  • Open Floorplan
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$315,000.00

Rental Price

$
$4,500.00
  • Cap Rate
  • 0.8%
  • Gross Yield
  • 17.1%
  • Lease End Date
  • February 28, 2026
  • Rent Amount

  • $4,500.00

Cash Flow

Cap Rate0.8 Gross Yield17.1% Annual Rent$54,000.00 Property Taxes$3,621.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $54,000.00 $4,500.00 / mo $270,000.00 $4,500.00 / mo $540,000.00 $4,500.00 / mo
Estimated Expenses $3,621.00 $18,105.00 $36,210.00
Net Cash Flow $50,379.00 $251,895.00 $503,790.00
HOA Fees $48,000.00 $240,000.00 $480,000.00

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