Sarasota Block Flip

Sarasota Block Flip

2 bed 2 bath 1423 sq ft Built in 1963 Single Family
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72
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Discover an exceptional investment opportunity in the heart of Sarasota, Florida. This block home offers nearly 1,500-square-feet of living space on a generously sized lot. Nestled in a highly desirable area just off S Tamiami Trail, the home sits at the end of a cul-de-sac and is zoned for A-rated schools. Furthermore, this property is only a few miles away from the stunning beaches of Siesta Key. 

While the current floorplan includes 2 bedrooms and 2 bathrooms, the owners were in the process of adding a third bedroom. This project will require completing the reconfiguration in addition to a full cosmetic update. The metal roof was recently installed in 2022, cutting out a major expense. Properties of a similar size and style are breaking $440,000 in sales price, making it a lucrative option for investors looking to capitalize on the booming Sarasota real estate market.

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We recommend flip
Rental Income
$2,650 mo. / $31,800 yr.
Estimated Taxes
$3,751 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$22,669
Projected Income
6.50%
Estimated APY
$59,025
Projected Income
15.29%
Estimated ROI

Comps

 
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