OFF_MARKETExcellent Deal11 days on market

7740 Castleisland Dr

7740 Castleisland Dr, Sarasota, FL 34240, Sarasota, FL 34240
$585,000

Listing Price

Property image 1
7740 Castleisland Dr, Sarasota, FL 34240
Loc: Sarasota, FL
Days Listed
11
Tax Assessed
$536k
Lot Size
7,545 sqft
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

Tatum Ridge Elementary School

PK-5
1.3 mi away
5

Mcintosh Middle School

6-8
3.7 mi away
3

Booker High School

9-12
7.8 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.34%
Total ROI
26.3%
Cash Flow
$618/mo
DSCR
1.21
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-11Listed for sale$549,999$234
2026-08-09Contingent$549,999$234
2026-06-29Price change$549,999$234
2026-06-01Price change$570,000$243
2026-05-01Listed for sale$585,000$249
2024-07-29Listing removed$649,900$277
2024-04-24Price change$649,900$277
2024-04-11Listed for sale$670,000$285
2016-04-18Sold$384,525$164
2016-03-02Pending sale$389,950$166
2016-02-24Listed for sale$389,950$166
2013-06-05Listing removed$2,000$1
2013-04-23Listed for rent$2,000$1
2011-09-23Sold$300,000$128
2002-01-11Sold$213,100$91

Tax History

YearProperty TaxTax Assessment
2025$5,091.79$413,032
2024$4,888.33$401,392
2023$4,703.96$389,701
2022$4,232.87$348,836
2021$4,153.87$338,676
2020$4,163.49$334,000
2019$4,513.8$328,600
2018$4,513.8$302,000
2017$4,164.64$314,600
2016$4,186.54$308,700
2015$4,186.54$284,300
2014$4,186.54$241,400
2013$3,683.99$241,400
2012$3,404.51$223,100
2011$3,180.06$210,000
2010$3,445.85$222,800
2009$4,292.62$294,700
2008$4,292.62$306,500
2007$4,740.13$340,000
2006$0$368,400
2005$0$275,100
2004$4,053.37$247,200
2003$3,852.81$226,000
2002$3,484.1$199,300
2001$782.12$53,500
2000$473.26$30,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,348
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $585,000Rent Basis: Modeled Estimate ($4,680/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $293/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.89%

NOI: $34,475/yr

Cash-on-Cash Yield
-1.4%

On $134,550 invested

DSCR Ratio
0.95x

Negative debt coverage

5-Yr Leveraged ROI
+87.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$438/mo
Homeowner / Hazard Insurance-$293/mo
Vacancy Reserve (5% of rent)-$234/mo
Repairs & Maintenance (10% of rent)-$468/mo
Property Management (8% of rent)-$374/mo
Total Pure Operating Expenses-$1,807/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,680/mo
Less: Operating Expenses-$1,807/mo
Net Operating Income (NOI)+$2,873/mo
Less: Debt Service (30yr @ 6.75%)-$3,035/mo
Net Cash Flow
$-162/mo
$-1,950/year
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