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Long-Term Rental Analysis
3601 Longmeadow #48, Sarasota, FL 34235
$235,000 • 1 beds • 1 baths • 733 sqft

This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $49,350 initial cash invested.

Cash On Cash
-14.4%
Cap Rate
3.86%
Rent
$1,932
Cashflow
-$592
Rent Confidence:  High
Annual
$23,184
Median
$1,750
Avg
$1,928
Samples
25
Financing
Purchase Price  $235k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $49,350
Downpayment  $47,000
Closing costs  $2,350
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $1,932
Total Expenses  $2,524
Mortgage P&I  $1,251
Property Taxes  $179
Home Insurance  $82
HOA  $509
PManagement  $193
CapEx  $97
Vacancy  $116
Maintenance  $97
Other  $0
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#Comparable PropertyRentBedsBathsSQFTDistance
13631 Longmeadow, # 37$1600117330 mi
23601 Longmeadow, # 48$1700117330 mi
33031 Quail Holw, # 16$3100117860.4 mi
43031 Quail Holw, # 3031$1500117860.4 mi
53051 Quail Holw, # 13$1800117860.4 mi
64512 Longwater Chase, Unit 4512$1800116760.4 mi
74516 Longwater Chase, # 29$3300116760.4 mi
84514 Longwater Chase, # 28$1750116760.4 mi
93067 Willow Green Dr, # 33$1700117740.9 mi
104581 Morningside, # 21$3000116800.7 mi
114573 Morningside, # 19$1750116660.7 mi
123059 Quail Holw, # 38$2250118250.4 mi
133041 Taywood Mdws, # 6$1900117891.1 mi
144502 Morningside, # 45$1650116160.7 mi
154835 Winslow Beacon, # 46$1650115820.8 mi
163117 Longmeadow, # 7$1600115530.2 mi
173121 Longmeadow, # 5$2100115530.2 mi
184511 Longwater Chase, Unit 6$1750110.4 mi
195549 Bentgrass Dr, Unit 102$1695119061.9 mi
204751 Travini Cir, # 4-108$1650119571.9 mi
215500 Bentgrass Dr, # 6108$1550119571.9 mi
225500 Bentgrass Dr, # 6-108$1595119571.9 mi
234751 Travini Cir, Unit 108$1750119601.9 mi
243547 Longmeadow, Unit 24$1800114300.1 mi
253513 Longmeadow, # 7$2250114280.1 mi