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$330,000

For Sale - Active
1397 43rd St, Sarasota, FL 34234
3 Beds
2 Baths
1,105 Square Feet
0.11 Acres Lot
Built in 1930
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 15, 2025 at 08:45AM

Investment Summary


Monthly Cash Flow
-$661
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Property Description


0.11 Acres Lot
Built in 1930
For Sale - Active
1 Units

This Renovated Home in a Great Sarasota Location. This charming and thoughtfully updated home offers the perfect balance of character and modern comfort. Located in one of Sarasota’s most convenient neighborhoods, it’s a great fit for anyone looking for easy living in a central spot. What You'll Like: 3 Bedrooms: Ideal for everyday living, working from home, or welcoming guests. 2 Updated Bathrooms: Clean, functional, and designed for comfort. Open Kitchen: Filled with natural light and connected to the living area—great for daily life and get-togethers. Laundry Area: Practical and easy to use. Patio: A perfect little spot to relax and enjoy the Florida breeze. Recent Updates: New Roof (2024) for peace of mind - New Water Heater (2024) for everyday efficiency - Wood-look Vinyl Flooring throughout—stylish and low-maintenance - Fresh Paint Inside and Out—a clean and inviting feel - Stainless steel appliances. Great Location: Minutes from Sarasota’s beautiful beaches, restaurants, shops, parks, and cultural spots. With nearby schools, markets, and hospitals, everything you need is close by. Easy access to main roads makes commuting simple. Whether you’re moving in or looking for an investment, this home is a smart choice. ?? Contact us today to schedule your visit!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Association: Rossi & Company

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0026050075
  • Lot Size: 4950 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 1930

Tax Information

  • Annual Tax: $1,724

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Angela Diaz Gonzalez
EXP REALTY LLC
(941) 726-3728

Source:
Stellar MLS
MLS#: A4642627
Stellar MLS

Investment Summary


Monthly Cash Flow
-$661
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$330,000
Amount financed:
-$264,000
Down payment:
$66,000
Closing costs:
$9,900
Rehab costs:
$0
Initial cash invested:
$75,900
Square feet:
1,105
Cost per square foot:
$299
Monthly rent per square foot:
$1.54

Financing Details

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Loan amount:
$264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,690
Property tax:
$144
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,953

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$144-$1,724
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$569-$6,824

Cash Flow


Monthly Yearly
Net operating income:
$1,029 $12,348
Mortgage payments:
-$1,690 -$20,280
Cash flow:
$661 $7,932