2237 MICHELE DR (MLS: TB8456357) For Sale

2237 MICHELE DR, (Sarasota), Sarasota Florida 34231

Currently Rented at $2,400.00 / month

Area: 2481

Property Info

  • MLS TB8456357
  • Unit No -
  • Bedrooms 4
  • Bathrooms 4
  • Area (sqft) 2481
  • Living Area (sqft) 1628
  • Foundation Slab
  • Min Lease Slab

Interior Features

  • Ceiling Fans(s)
  • Eat-in Kitchen
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Thermostat

Buy Price

$
$825,000.00

Rental Price

$
$2,400.00
  • Cap Rate
  • 2.7%
  • Gross Yield
  • 3.5%
  • Lease End Date
  • April 30, 2026

  • Rent Amount
  • $2,400.00

Cash Flow

Cap Rate2.7 Gross Yield3.5% Annual Rent$28,800.00 Property Taxes$6,847.46 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $28,800.00 $2,400.00 / mo $144,000.00 $2,400.00 / mo $288,000.00 $2,400.00 / mo
Estimated Expenses $6,847.46 $34,237.30 $68,474.60
Net Cash Flow $21,952.54 $109,762.70 $219,525.40