REI Lense- Airbnb
- Long-Term
- Mid-Term
Long-Term Rental Analysis
1679 24th St, Sarasota, FL 34234
$199,000 • 3 beds • 2 baths • 1480 sqft
This property could be a profitable Long-Term investment with a projected 11% first-year return on $41,790 initial cash invested.
Cash On Cash
11%
Cap Rate
9.36%
Rent
$2,229
Signal: Med.
Cashflow
$383
Financing
Purchase Price $199k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $41,790
Downpayment $39,800
Closing costs $1,990
Rehab $0
Furnishing $0
Cashflow
Total Income $2,229
Total Expenses $1,846
Mortgage P&I $1,059
Property Taxes $138
Home Insurance $70
PManagement $223
CapEx $111
Vacancy $134
Maintenance $111
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 1351 22nd St | $2800 | 3 | 2 | 1394 | 0.7 mi |
| 2 | 2232 Evers Cir | $2035 | 3 | 2 | 1404 | 1.4 mi |
| 3 | 1843 24th St | $2145 | 3 | 2 | 1261 | 0.3 mi |
| 4 | 2038 Leon Ave | $1850 | 3 | 2 | 1276 | 0.4 mi |
| 5 | 1832 33rd St | $3000 | 3 | 2 | 1290 | 0.7 mi |
| 6 | 1260 38th St | $2250 | 3 | 2 | 1646 | 1.3 mi |
| 7 | 3010 Bunche St | $2229 | 3 | 2 | 1311 | 1.4 mi |
| 8 | 3210 Joe Louis Dr | $2239 | 3 | 2 | 1251 | 1.3 mi |
| 9 | 2424 Gillespie Ave | $1850 | 3 | 2 | 1167 | 0.4 mi |
| 10 | 3019 Clay Cir | $2180 | 3 | 2 | 1235 | 1.3 mi |
| 11 | 1371 14th St | $2495 | 3 | 2 | 1813 | 1.1 mi |
| 12 | 1057 32nd St | $2100 | 3 | 2 | 1776 | 1.4 mi |
| 13 | 1226 14th St | $3500 | 3 | 2 | 1227 | 1.3 mi |
| 14 | 1410 Grantham Dr | $2099 | 3 | 2.5 | 1575 | 1.8 mi |
| 15 | 1374 Grantham Dr | $2400 | 3 | 2.5 | 1575 | 1.9 mi |
| 16 | 1144 44th St | $2100 | 3 | 2 | 1237 | 1.8 mi |
| 17 | 2520 Chilk Ave | $1995 | 3 | 2 | 1209 | 1.6 mi |
| 18 | 2700 Palmadelia Ave | $1695 | 3 | 1 | 1352 | 0.2 mi |
| 19 | 1487 21st St | $1995 | 3 | 2 | 1066 | 0.5 mi |
| 20 | 1216 34th St | $2450 | 3 | 2 | 1120 | 1.2 mi |
| 21 | 2141 Mango Ave | $2380 | 3 | 2 | 1101 | 1 mi |
| 22 | 1274 34th St | $2150 | 3 | 2.5 | 1770 | 1.1 mi |
| 23 | 3325 Gillespie Ave | $2275 | 3 | 2 | 1056 | 0.8 mi |
| 24 | 2530 19th St | $2700 | 3 | 2 | 1133 | 1.8 mi |
| 25 | 2026 Cocoanut Ave | $3500 | 3 | 2 | 2115 | 0.9 mi |