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$449,000

For Sale - Active
1790 White Orchid Ct, Sarasota, FL 34235
3 Beds
2 Baths
1,522 Square Feet
0.10 Acres Lot
Built in 2022
For Sale - Active
1 Units
Checked: 17 hours ago
Updated: Jul 23, 2025 at 07:29AM

Investment Summary


Monthly Cash Flow
-$715
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.1%

Property Description


0.10 Acres Lot
Built in 2022
For Sale - Active
1 Units

This charming Sarasota residence built 3 years ago in the gated community of Hammock Place offers meticulously designed living space on a single floor. The home features three bedrooms, including a spacious primary suite and two well-appointed bathrooms. The upgraded kitchen is a highlight, showcasing crisp white (soft closure) cabinetry, GE Profile stainless steel appliances, granite countertops, a striking marble backsplash and bar seating at the island. The dining area exudes elegance with a crystal chandelier creating a unique ambiance. Luxury vinyl floors run throughout, complementing the light airy feel of the rooms. Large windows in the living area and bedrooms allow ample natural light and offer views of the surrounding greenery. The bathrooms feature contemporary fixtures and marble inspired tiling. This home seamlessly blends an open floor plan for comfort and style, with thoughtful details like ceiling fans and recessed lighting enhancing its appeal. In addition, other features that this exceptional quality home offers are high ceilings (9'5"), ICF's insulated concrete walls, hurricane rated impact glass windows and doors, 2 car garage with cabinet storage space and an extra refrigerator. Hammock Place is a gated and deed restricted community of 40 homes conveniently located near Bobby Jones Golf Course, Sarasota Lawn Bowling Club, Nathan Benderson Park, University Parkway for local dining, shopping, UTC Mall, healthcare facilities, SRQ airport, downtown Sarasota, Lakewood Ranch Main Street, our famous beautiful white sand Gulf Beaches (Lido 8mi & Siesta Key 11mi), Ringling Museum and many other attractions nearby. Schedule your private showing today, you won't be disappointed!

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener, Ground Level
  • Details: Driveway, Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Renee Snyder
  • HOA Fee: $175/monthly

Land Information

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

Lot Information

  • Parcel ID: 0041070033
  • Lot Size: 4385 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary, Ranch
  • Year Built: 2022

Tax Information

  • Annual Tax: $4,551

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Ildiko Vincent
MANGROVE BAY REALTY LLC
(941) 724-7881

Source:
Stellar MLS
MLS#: A4639118
Stellar MLS

Investment Summary


Monthly Cash Flow
-$715
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.1%

Purchase Details

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Purchase price:
$449,000
Amount financed:
-$359,200
Down payment:
$89,800
Closing costs:
$13,470
Rehab costs:
$0
Initial cash invested:
$103,270
Square feet:
1,522
Cost per square foot:
$295
Monthly rent per square foot:
$2.04

Financing Details

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Loan amount:
$359,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,300
Property tax:
$379
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,896

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$379-$4,552
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (6%)
6%-$175-$2,100
Total operating expenses: (43%)
43%-$1,329-$15,952

Cash Flow


Monthly Yearly
Net operating income:
$1,585 $19,020
Mortgage payments:
-$2,300 -$27,600
Cash flow:
$715 $8,580