1221 N Palm Ave APT 207, Sarasota, FL, 34236 | $285/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1221 N Palm Ave APT 207, Sarasota, FL, 34236 | $285/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
816 sft

765 John Ringling Blvd #32, Sarasota, FL, 34236

1 Bed
1 Bath
641 sft

769 John Ringling Blvd #3, Sarasota, FL, 34236

1 Bed
1 Bath
676 sft

1221 N Palm Ave APT 305, Sarasota, FL, 34236

Investment Property+ 1 more

1 Bed
1 Bath
612 sft

767 John Ringling Blvd #2, Sarasota, FL, 34236

Nearby investment properties with comparable prices

2 Bed
1 Bath
816 sft

765 John Ringling Blvd #32, Sarasota, FL, 34236

2 Bed
1 Bath
816 sft

767 John Ringling Blvd #34, Sarasota, FL, 34236

1 Bed
1 Bath
820 sft

4822 Ocean Blvd APT 2E, Sarasota, FL, 34242

1 Bed
1 Bath
397 sft

170 Roosevelt Dr APT 22, Sarasota, FL, 34236

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Rental property for sale in Sarasota at 1221 N Palm Ave APT 207, Sarasota, FL, 34236 generates $2,442/mo in rent and, after a $1,591/mo payment, leaves $285/mo in cash flow. Total monthly income is $2,442/mo, and annual cash flow is $3,420/yr on $107,738 invested. Return on cash invested sits at 23.08% in year one, and rental yield is 9.02% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 120.43% and total cumulative return in cash sums $129,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,442/mo property income rather than buyer’s personal income.

Condo

Built in 1928

0.49 Acres lot

$N/A/sqft

No HOA

More details about the property

Wonderful opportunity to own a charming piece of Sarasota History in a prime location at an incredible value. This one bedroom, one bath floor plan with a gorgeous sun room (ideal for a den or study) is located in the Frances Carlton building, a designated Historic Sarasota Structure, built in 1924 in the Mediterranean Revival style. The condo community has only 20 residences and offers a lovely community pool, outside gathering area and a gated parking lot with designated parking spaces. Step into this condominium and imagine the possibilities. Your Great Room is spacious and open to the delightful light-filled Florida Room with arched Palladian windows. Your Primary Bedroom has 3 large windows and a built-in closet. The bathroom features a large tub with shower and your kitchen is well laid out and functional. There is a washer/dryer combo in the kitchen as well. This condo also offers an inside storage area. The condo features beautiful wood-plank laminate in the living areas and tile in the kitchen and bathroom. The A/C was replaced in 2019. Walk to the Sarasota Waterfront and enjoy lunch at Marina Jacks or stroll to Main Street, the Selby Library, theaters, galleries, restaurants & coffee shops and everything beautiful Downtown Sarasota has to offer. Close to world class beaches and St. Armands Circle as well. Frances Carlton has a wonderful ambiance and is a well managed condominium complex with excellent security. It is also the first condominium building in the state of Florida to have passed the Structural Integrity study. Schedule your showing today!