12616 Promenade Estates BlvdSarasotaFL34238
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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
Investment Highlights
Total monthly income runs $3,929/mo, and a $2,927/mo payment. Purchase price stands at $598,000, and rental yield measures 7.88% with $3,929/mo rent. Return on cash invested shows 19.82% in year one, and 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 102.93% and total cumulative return in cash records $202,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,929/mo property income covering a $2,927/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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