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2605 Desoto Rd, Sarasota, FL 34234, US
Copied

$1,484,300
BiggerPockets estimate

Off Market
2605 Desoto Rd, Sarasota, FL 34234
5 Beds
4.5 Baths
5,958 Square Feet
2.18 Acres Lot
Built in 1968
Off Market
1 Units
Checked: 5 months ago
Updated: May 26, 2025 at 10:22AM

Investment Summary


Monthly Cash Flow
-$3,816
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Property Description


2.18 Acres Lot
Built in 1968
Off Market
1 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 2605 Desoto Rd, Sarasota, FL (ZIP code 34234) this single family residence features 5 bedrooms, 4.5 bathrooms and approximately 5,958 square feet of living space. The property sits on a 2.18 acre lot and was built in 1968.

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Location


Property Details


Parking

  • Description: Circular Driveway, Covered, Driveway, Garage Door Opener, Ground Level, Off Street
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.5

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Concrete
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0022160001
  • Lot Size: 95174 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1968

Tax Information

  • Annual Tax: $6,721

Utilities

  • Water & Sewer: Well
  • Heating: Central, Electric
  • Cooling: Central Air, Zoned

Location

  • County: Sarasota

Investment Summary


Monthly Cash Flow
-$3,816
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$1,484,300
Amount financed:
-$1,187,440
Down payment:
$296,860
Closing costs:
$44,529
Rehab costs:
$0
Initial cash invested:
$341,389
Square feet:
5,958
Cost per square foot:
$249
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$1,187,440
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,603
Property tax:
$560
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,604

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$560-$6,721
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$2,135-$25,621

Cash Flow


Monthly Yearly
Net operating income:
$3,787 $45,444
Mortgage payments:
-$7,603 -$91,236
Cash flow:
$3,816 $45,792