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$375,000

For Sale - Active
6271 Timber Lake Dr Unit G6, Sarasota, FL 34243
3 Beds
2 Baths
1,490 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
1 Units
Checked: 2 hours ago
Updated: Aug 22, 2025 at 09:03PM

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
1 Units

Welcome to this rarely available end-unit villa in the highly sought after maintenance-free community of Woodland Green. Located near University Town Center and the world-renowned Benderson Park - home to international rowing championships and training grounds for the U.S. rowing team. This spacious 2-bedroom, 2-bathroom home includes an over-sized one car garage, and also features a versatile den that can easily be converted into a third bedroom, a home office, or creative space. With a split floorplan, vaulted ceilings, and an open layout, the residence offers an airy, light-filled ambiance perfect for modern Florida living. The spacious kitchen is a chef's delight, complete with granite countertops, a large island, stainless steel appliances and a cozy breakfast nook. The primary suite features a gorgeous golf-course view and built-in shelving in the walk-in closet.  The indoor laundry room adds to everyday ease. Step into the enclosed Florida room and take in expansive golf course views - your private vantage point to enjoy peaceful mornings or relaxing evenings. Other upgrades include a new roof, gutters and washing machine (2024), and a kitchen and bathroom remodel, ensuring peace of mind and modern efficiency. Residents enjoy access to a community pool, shuffleboard courts, and optional golf membership. Don't miss this opportunity to own a beautifully maintained, move-in-ready home in one of Sarasota's most desirable areas. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener, Golf Cart Parking, Ground Level, Guest, Oversized
  • Details: 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: 7
  • # of Stories: 1

Exterior Features

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

HOA

  • Association: RESCOM MGT. LLC

Land Information

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

Lot Information

  • Parcel ID: 20517.63056
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1986

Tax Information

  • Annual Tax: $3,541

Utilities

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

Location

  • County: Manatee

Listing Details


Listed by:
Karla Davidson
MICHAEL SAUNDERS & COMPANY
(941) 356-1061

Source:
Stellar MLS
MLS#: A4660375
Stellar MLS

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

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:
1,490
Cost per square foot:
$252
Monthly rent per square foot:
$1.88

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:
$295
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,412

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$295-$3,542
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$995-$11,942

Cash Flow


Monthly Yearly
Net operating income:
$1,637 $19,644
Mortgage payments:
-$1,921 -$23,052
Cash flow:
$284 $3,408