3975 Berkshire Dr

Sarasota, FL 34241
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3 bd, 2 ba | 1,896 sqft | Built in 1964

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List Price
$375,000

Initial Investment

$102,188

Purchase Price

$375,000

Down Payment

25%

Rent

$2,420

Total Return

$170,473

Annualized Return

21.5%

Cap Rate

5.4%

Gross Yield

7.7%

Cash Flow

-$1,110

Appreciation

8.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,761

HOA

None

Flood Risk

Not Required

Welcome to the BEST PRICED HOME in the desirable Sarasota Lake neighborhood! This meticulously maintained 3-bedroom, 2-bathroom residence offers 1395 SqFt of comfortable living space along with a convenient 1-car garage.
Step inside to discover a home that exudes both charm and functionality. The oversized backyard provides ample space for outdoor activities and entertaining. The roll-on membrane roof was recoated in 2019, ensuring durability and peace of mind for years to come.
Inside, you'll find a plethora of updates including a new electrical panel box, new windows, all new sewer lines, plumbing, newer AC, and newer cabinets, countertops, and appliances throughout. The heart of the home is the kitchen, featuring elegant granite countertops and a brand new refrigerator.
The primary bedroom boasts a spacious walk-in closet and an ensuite bathroom for added privacy and convenience. Guest bedrooms have been freshly repainted, offering a clean and inviting atmosphere. The second bathroom is adorned with granite countertops, adding a touch of sophistication.
A convenient inside laundry room equipped with built-in shelving enhances the functionality of the home. Additionally, the spacious backyard has the potential for a pool and includes a recently upgraded shed and fencing.
Relax and unwind on the screened lanai with wooden floors, updated in 2020, providing the perfect spot to enjoy the Florida weather year-round.
With no HOA fees, this home offers flexibility and freedom. Enjoy easy access to golf country clubs, a short drive to Downtown Sarasota's vibrant restaurants and shopping, as well as the stunning beaches of Siesta Key and Lido Key.
Don't miss out on the opportunity to make this exceptional property your new home! Schedule your showing today and experience the best of Sarasota living.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$27,588

Expenses

-$4,911

Property Taxes

-$3,400

Loan Payments

-$20,387

Net Cash Flow

-$1,110

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Garrett Sedlacek
Agent License 3527003
KELLER WILLIAMS ON THE WATER S
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #N6131909
Last Updated: 03/28/2024 10:03
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