1111 RITZ CARLTON DR #1004 (MLS: TB8503788) For Sale

1111 RITZ CARLTON DR #1004, (Sarasota), Sarasota Florida 34236

Currently Rented at $12,500.00 / month

Area: 4021

Property Info

  • MLS TB8503788
  • Unit No 1004
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 4021
  • Living Area (sqft) 3553
  • Foundation Other
  • Min Lease Other
  • HOA Fees $5,023.70

Interior Features

  • Built-in Features
  • Ceiling Fans(s)
  • Elevator
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Solid Wood Cabinets
  • Stone Counters
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$2,599,900.00

Rental Price

$
$12,500.00
  • Cap Rate
  • 2.5%
  • Gross Yield
  • 5.8%
  • Lease End Date
  • July 22, 2026
  • Rent Amount

  • $12,500.00

Cash Flow

Cap Rate2.5 Gross Yield5.8% Annual Rent$150,000.00 Property Taxes$24,240.70 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $150,000.00 $12,500.00 / mo $750,000.00 $12,500.00 / mo $1,500,000.00 $12,500.00 / mo
Estimated Expenses $24,240.70 $121,203.50 $242,407.00
Net Cash Flow $125,759.30 $628,796.50 $1,257,593.00
HOA Fees $60,284.40 $301,422.00 $602,844.00

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