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Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
2005
Sq.Footage
975
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 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.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Lighting
-
Parking
Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Level, Paved
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5,750
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Other
Price
-
Sales Price
$235,000
-
Tax Amount
$2,760
-
Sq. Footage
975
-
Price/SqFt
$241
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
8
-
Water Source
Public
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Location
County
Sarasota
Elementary School
Middle School
High School
Listing Courtesy of Maggie March, PA, FINE PROPERTIES
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