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$390,000

Sold
6458 Baytown Dr, Sarasota, FL 34240
3 Beds
3 Baths
1,568 Square Feet
0.04 Acres Lot
Built in 2017
Sold
Units n/a
Checked: 14 hours ago
Updated: Jun 06, 2025 at 01:42AM

Investment Summary


Monthly Cash Flow
-$578
Cap Rate
4.5%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.5%

Property Description


0.04 Acres Lot
Built in 2017
Sold
Units n/a

Just reduced! This 3 bedroom 2 and 1/2 bath beauty was built in 2017 and has almost 1600 sq. ft. of open concept living space that makes this townhome easy to enjoy! The well-appointed kitchen boasts stainless steel appliances, granite counters, a spacious pantry and solid wood cabinets. Glass sliding doors from the Great room open to your, 22 ft. screened-in lanai, completed with wood-look tile flooring and tranquil views of the lake and fountain. The dining area boasts a designer chandelier that opens and closes, ideal for dimming and mood. The Master bedroom offers a large walk-in closet, an en-suite master bath with dual sinks, granite counter and walk-in shower. Upstairs showcases a flex loft space, perfect for homeschooling or office, as well as a laundry closet. The one-car garage is spacious and was installed with an outlet to charge your electric vehicle! There is also extra parking on the extended driveway. No townhomes in front of this one, only green space and guest parking to see! Baytown Square is a gated community with low fees and no CDD! Escape to the community heated pool and covered gathering area or stroll the lighted sidewalks and enjoy nature. This community is centrally located and minutes to Siesta Key and all Sarasota has to offer as well as quick access to I -75 for your commute! DR Horton built with solid block, double-glazed, storm-rated windows/doors, quick recovery 50 gallon water heater and hurricane shutters for peace of mind throughout the year. Book your showing to experience this prime community today!

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • Details: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Open, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Access Mgmt./Laurie Denenholtz
  • HOA Fee: $185/monthly
  • Additional Association: Capstone Association Management

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 0240030119
  • Lot Size: 1959 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2017

Tax Information

  • Annual Tax: $3,473

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Melissa Sontheimer
RE/MAX METRO
(727) 434-3644

Source:
Stellar MLS
MLS#: U8193511
Stellar MLS

Investment Summary


Monthly Cash Flow
-$578
Cap Rate
4.5%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$390,000
Amount financed:
-$312,000
Down payment:
$78,000
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,700
Square feet:
1,568
Cost per square foot:
$249
Monthly rent per square foot:
$1.79

Financing Details

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Loan amount:
$312,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,036
Property tax:
$289
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,521

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: (10%)
10%-$289-$3,473
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: (7%)
7%-$185-$2,220
Total operating expenses: (42%)
42%-$1,174-$14,093

Cash Flow


Monthly Yearly
Net operating income:
$1,458 $17,496
Mortgage payments:
-$2,036 -$24,432
Cash flow:
$578 $6,936