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$459,000

For Sale - Active
5633 E Long Common Ct Unit 20, Sarasota, FL 34235
2 Beds
2 Baths
1,264 Square Feet
0.14 Acres Lot
Built in 1989
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Sep 01, 2025 at 10:05AM

Investment Summary


Monthly Cash Flow
-$1,454
Cap Rate
2.3%
Cash-on-Cash Return
-16.5%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-12.0%

Property Description


0.14 Acres Lot
Built in 1989
For Sale - Active
1 Units

Virtual tour link in MLS is actual 3D tour, not a slideshow - please visit it! Furniture is optional with listing. Welcome to this beautifully maintained 2-bedroom, 2-bath villa located in the highly desirable Long Common enclave within The Meadows. This single-story home offers 1,264 square feet of bright, open living space, ideal for those seeking a low-maintenance Florida lifestyle. Step inside through a charming courtyard entry with a brick-paver driveway and a 2-car garage. Inside, the great room impresses with high ceilings, crown molding, and direct access to a Florida room that features a panoramic view of the pond and fairway in the distance—perfect for relaxing or entertaining year-round. The kitchen features stainless appliances, stone countertops, a cozy bay-window breakfast nook, and a convenient pass-through to the living and dining areas. A split-bedroom floor plan ensures privacy, with the primary suite offering a walk-in closet, dual sinks, and a walk-in shower. Residents of The Meadows enjoy access to three golf courses, tennis and pickleball courts, a Jr. Olympic-sized heated pool, clubhouse, fitness center, and miles of scenic walking and biking trails. The community is also ideally located near Nathan Benderson Park, the upcoming Mote Marine Aquarium, University Town Center Mall, and a wide variety of shopping, dining, and cultural attractions in downtown Sarasota.

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: One Source/ Lissette
  • HOA Fee: $1,363/quarterly
  • Additional Association: The Meadows Community Association
  • Additional HOA Fee: $1,370/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0035061020
  • Lot Size: 6000 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1989

Tax Information

  • Annual Tax: $3,933

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
John Werner
BLUE SKY REAL ESTATE
(941) 587-4579

Source:
Stellar MLS
MLS#: A4660727
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,454
Cap Rate
2.3%
Cash-on-Cash Return
-16.5%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-12.0%

Purchase Details

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Purchase price:
$459,000
Amount financed:
-$367,200
Down payment:
$91,800
Closing costs:
$13,770
Rehab costs:
$0
Initial cash invested:
$105,570
Square feet:
1,264
Cost per square foot:
$363
Monthly rent per square foot:
$2.06

Financing Details

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Loan amount:
$367,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,351
Property tax:
$328
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,861

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$328-$3,933
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (22%)
22%-$569-$6,828
Total operating expenses: (59%)
59%-$1,547-$18,561

Cash Flow


Monthly Yearly
Net operating income:
$897 $10,764
Mortgage payments:
-$2,351 -$28,212
Cash flow:
$1,454 $17,448