707 S GULFSTREAM AVE #602 (MLS: T3544842) For Sale

707 S GULFSTREAM AVE #602, (Sarasota), Sarasota Florida 34236

Currently Rented at $2,700.00 / month

Area: 1359

Property Info

  • MLS T3544842
  • Unit No 602
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1359
  • Living Area (sqft) 1247
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $3,905.00

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Window Treatments

Buy Price

$
$749,000.00

Rental Price

$
$2,700.00
  • Cap Rate
  • -3%
  • Gross Yield
  • 4.3%
  • Lease End Date
  • May 31, 2025
  • Rent Amount

  • $2,700.00

Cash Flow

Cap Rate-3.0 Gross Yield4.3% Annual Rent$32,400.00 Property Taxes$7,976.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $32,400.00 $2,700.00 / mo $162,000.00 $2,700.00 / mo $324,000.00 $2,700.00 / mo
Estimated Expenses $7,976.00 $39,880.00 $79,760.00
Net Cash Flow $24,424.00 $122,120.00 $244,240.00
HOA Fees $46,860.00 $234,300.00 $468,600.00

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