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$524,000

For Sale - Active
2445 Apache St, Sarasota, FL 34231
3 Beds
2 Baths
1,253 Square Feet
0.24 Acres Lot
Built in 2000
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jun 29, 2025 at 05:10AM

Investment Summary


Monthly Cash Flow
-$647
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Property Description


0.24 Acres Lot
Built in 2000
For Sale - Active
1 Units

Location! Location! Location! NO FLOOD ZONE!SOLAR PANEL! NEW POOL CAGE!NEW FRONT FENCE PLUS SLIDING GATE! If you want total privacy, come check out this beautiful 3/2 Pool Home. This home has been almost fully updated, roof 12/2018 with transferable warranty, AC 6/2016, AC ducts 12/2018, bathrooms and flooring throughout the house 3/2017, water heater 2019, dishwasher 11/2020, full privacy fence 6/2020 and the house has been hooked up to public water 2019 and public sewer 2020. No need to worry about hurricanes. Hurricane Shutters have been installed 10/2020. You will find a tropical oasis in your totally private back yard. Pool with hot tub and large deck is surrounded by mature trees, including fruit trees, mango, Persian lime, bananas, papaya, avocado trees and pineapples. Walking distance to Riverview High School, shopping, 2 miles to the very famous and gorgeous Siesta Key Beach and just 10 minutes to beautiful downtown Sarasota. No deed restrictions.Conveniently located minutes away from I-75 and Tamiami Trail, this property offers excellent accessibility. Sarasota itself is a fantastic place to call home, with its central location providing easy access to shopping, dining, golfing, entertainment, medical facilities, award-winning beaches. Plus, you'll have effortless access to several airports, including Punta Gorda, Sarasota, Fort Myers, and Tampa.Experience the best of Florida with nearby beaches, golf courses, and outdoor recreational activities just a short drive away. Don't miss out on the chance to own this extraordinary home.

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • 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: 9
  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 0086020080
  • Lot Size: 10350 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 2000

Tax Information

  • Annual Tax: $5,364

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Regina Melman
RE/MAX PALM REALTY OF VENICE
(941) 525-6818

Source:
Stellar MLS
MLS#: N6139245
Stellar MLS

Investment Summary


Monthly Cash Flow
-$647
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$524,000
Amount financed:
-$419,200
Down payment:
$104,800
Closing costs:
$15,720
Rehab costs:
$0
Initial cash invested:
$120,520
Square feet:
1,253
Cost per square foot:
$418
Monthly rent per square foot:
$2.87

Financing Details

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Loan amount:
$419,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,684
Property tax:
$447
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,383

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$447-$5,364
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,347-$16,164

Cash Flow


Monthly Yearly
Net operating income:
$2,037 $24,444
Mortgage payments:
-$2,684 -$32,208
Cash flow:
$647 $7,764