Investment Opportunity
income-producing investment in a community on the rise
This 3-bedroom, 2-bathroom home in Sarasota’s Amaryllis Park neighborhood offers an opportunity to acquire an income-producing property in an established community on the rise.
The area is positioned for continued improvement through ongoing property investment, neighborhood revitalization, and broader community development. The property… Read More is also being prepared with a focus on functionality, rental appeal, and meeting quality standards for long-term housing.
It is my opinion that t his property presents a solid opportunity to acquire an income-producing, 3-bedroom/2-bathroom home in an established neighborhood on the rise. Based on a total capital outlay of approximately $66,900—which includes the down payment, estimated closing costs, financing fees, prepaids, and remaining repair allocations—the property is projected to generate $800 in true net monthly cash flow after operating expenses. This equates to a projected annual net cash flow of $9,600, yielding a healthy cash-on-cash. These figures reflect a realistic, 'all-in' investment scenario and provide a stable foundation for long-term rental performance as the community continues its revitalization. Read Less
Courtesy of FINE PROPERTIES 941-782-0000
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
975
Lot Size
0.13 Acres
Year Built
2005
MLS Number
A4706879
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Electric Water Heater, Microwave
Building
Built in 2005, Living area: 975, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: Block, Stucco
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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