Under contract-accepting backup offers. Investment Opportunityincome-producing investment in a community on the riseThis 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 is also being prepared with a focus on functi...Under contract-accepting backup offers. Investment Opportunityincome-producing investment in a community on the riseThis 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 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.
View MoreCourtesy of
Agency Name: FINE PROPERTIES
Agency Contact: 941-782-0000
Agent Name: Maggie March, PA
Presented by
Agent Name: Roni Sterin
Agent Phone: 305.942.7446
Agency Title: The Keyes Company
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1655 24th Street, Sarasota, FL 34234.
Email 1655 24th Street, Sarasota, FL 34234
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