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$878,000

For Sale - Active
6633 Old Ranch Rd, Sarasota, FL 34241
4 Beds
4 Baths
3,152 Square Feet
10.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 28, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$3,266
Cap Rate
1.8%
Cash-on-Cash Return
-19.4%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-14.7%

Property Description


10.00 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Welcome to your own piece of paradise on 10 ACRES in Sarasota! This unique property features a 3-bedroom, 3-bath main home with 1,904 sq. ft. under air, soaring ceilings, a dramatic stone fireplace, a wraparound porch, new roof (2023), and A/C (2019). The kitchen has been updated, but the rest of the home could use some TLC—offering an incredible opportunity to personalize and add value. Equestrians and hobbyists will love the 32' x 50' barn with 4 stalls, a workshop, and a fully permitted 1-bedroom, 1-bath apartment above with 1,248 sq. ft.—ideal for guests, rental income, or a home office. Additional highlights include a pool area ready for updating, a greenhouse, circular paved drive, mature fruit and nut trees, open pasture, and a shaded oak hammock. Located in a community of approx. 280+ homes, each on at least 5 acres, offering rare space and privacy. Enjoy winding roads and scenic trails for walking, biking, or horseback riding. Just 40 minutes to downtown Sarasota, 25 minutes to Siesta Key Beach, and close to top-rated schools, restaurants, and shopping. Locals call it “the Valley”—a peaceful hidden gem. Whether you're an equestrian, hobby farmer, looking for an investment project or simply seeking room to breathe, this property offers endless possibilities. The owner is motivated and will consider all offers.

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Location


Property Details


Parking

  • Description: Boat, Circular Driveway, Golf Cart Parking, Portico
  • Details: Boat, Circular Driveway, Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 8
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: ProKop Community Management - Kathleene Perry
  • HOA Fee: $650/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Multi-Family Dwellings (any combination 2+)

Lot Information

  • Parcel ID: 0608022490
  • Lot Size: 435733 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Custom
  • Year Built: 1981

Tax Information

  • Annual Tax: $9,207

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Central Air, Wall/Window Unit(s)

Location

  • County: Sarasota

Listing Details


Listed by:
Roni-Marie Gold, PA
COLDWELL BANKER REALTY
(941) 487-0105

Source:
Stellar MLS
MLS#: A4656292
Stellar MLS

Investment Summary


Monthly Cash Flow
-$3,266
Cap Rate
1.8%
Cash-on-Cash Return
-19.4%
Debt Coverage Ratio
0.29
Internal Rate of Return (5 years)
-14.7%

Purchase Details

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Purchase price:
$878,000
Amount financed:
-$702,400
Down payment:
$175,600
Closing costs:
$26,340
Rehab costs:
$0
Initial cash invested:
$201,940
Square feet:
3,152
Cost per square foot:
$279
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$702,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$4,584
Property tax:
$767
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,568

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$767-$9,207
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$54-$648
Total operating expenses: (51%)
51%-$1,596-$19,155

Cash Flow


Monthly Yearly
Net operating income:
$1,318 $15,816
Mortgage payments:
-$4,584 -$55,008
Cash flow:
$3,266 $39,192