Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sarasota at 1221 N Palm Ave APT 305, Sarasota, FL, 34236 generates $2,497/mo in rent, after a $2,300/mo payment. Total monthly income is $2,497/mo. Return on cash invested sits at 6.5% in year one, and rental yield is 6.38% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 34.63% and total cumulative return in cash sums $53,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,497/mo property income rather than buyer’s personal income.
Condo
Built in 1928
0.49 Acres lot
$N/A/sqft
$1,023 monthly HOA
Date | Event | Price |
|---|---|---|
| 2024-12-01 | Price change | $470,000 |
| 2024-07-18 | Listed for sale | $495,000 |
| 2023-12-23 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $339,900 | -3.30% |
| 2023-02-14 | $5345.50 | 5.59% | $351,500 | 6.97% |
| 2022-02-14 | $5062.43 | 29.89% | $328,600 | 38.49% |
Listed by: Mairead Smialek • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4616972
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
