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$375,000

For Sale - Active
305 E Wentworth Cir, Englewood, FL 34223
3 Beds
2 Baths
1,879 Square Feet
0.29 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jun 18, 2025 at 08:15PM

Investment Summary


Monthly Cash Flow
-$503
Cap Rate
4.5%
Cash-on-Cash Return
-7.0%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.8%

Property Description


0.29 Acres Lot
Built in 1974
For Sale - Active
1 Units

Welcome to 305 E Wentworth, a beautifully updated 3-bedroom, 2-bathroom home just 3.5 miles from the beach! Nestled in a quiet, established neighborhood, this move-in-ready gem offers the perfect combination of style, space, and location. Inside, enjoy a spacious layout that includes both a formal living room and a separate family room – ideal for relaxing, entertaining, or working from home. The kitchen features sleek granite countertops and plenty of cabinet space, opening seamlessly into the main living areas. Both bathrooms have been tastefully updated with modern finishes, and the entire home has been meticulously maintained – with no hurricane damage. Step outside to a fully fenced backyard – perfect for pets, play, or hosting gatherings. Whether you’re grilling with friends or enjoying a peaceful morning coffee, this private outdoor space is a true retreat. The large screened in lanai is perfect to relax and unwinding after a long day at the beach. Additional highlights include: * Large Fenced Yard * Updated Kitchen and Baths, newer LVP flooring * Just minutes to shopping, dining, and major conveniences * Bright, functional floor plan with room to grow * Move-in ready with quality upgrades throughout * Close to marinas, Beaches * Just minutes from the Moose and Elks Clubs * Join the "Englewood Gardens Beach Club", This club offers exclusive access to Englewood Beach, Bay Access with boardwalk & Dock, bay side kayak storage & launch, clubhouse, picnic area patio and gazebo with gas fills and the ability to rent out the clubhouse for private parties. Enjoy easy coastal living with all the comforts of this home at 305 E Wentworth. Don’t miss your chance – schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Garage Door Opener, Parking Pad, Attached
  • Garage Spaces: 1
  • 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: Gable
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 0852110017
  • Lot Size: 12828 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1974

Tax Information

  • Annual Tax: $3,689

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Elizabeth Gerber
PARADISE EXCLUSIVE INC
(941) 525-2411

Source:
Stellar MLS
MLS#: D6142411
Stellar MLS

Investment Summary


Monthly Cash Flow
-$503
Cap Rate
4.5%
Cash-on-Cash Return
-7.0%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.8%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
1,879
Cost per square foot:
$200
Monthly rent per square foot:
$1.33

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,921
Property tax:
$307
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,403

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$307-$3,689
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$932-$11,189

Cash Flow


Monthly Yearly
Net operating income:
$1,418 $17,016
Mortgage payments:
-$1,921 -$23,052
Cash flow:
$503 $6,036