1311 Siesta Bayside Dr #ASarasotaFL34242
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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
Investment property for sale in Sarasota at 1311 Siesta Bayside Dr #A, Sarasota, FL, 34242 with 5% annual appreciation on a $625,000 basis while $9,332/mo rent supports operations. Total monthly income totals $9,332/mo and a $3,059/mo payment preserves $3,436/mo for cash returns. Annual cash flow comes to $41,238/yr on $205,625 deployed, and return on cash invested reaches 40.11% in year one. Equity gained on principal adds $4,033/yr, and five-year appreciation sums $172,676 alongside rental yield of 17.92%. Five-year ROI measures 215.47% and total cumulative return in cash totals $443,053.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,332/mo property income versus a $3,059/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
N/A lot
$N/A/sqft
$1,648 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 3,517 (33.9%) |
| Renter Occupied HU | 398 ( 3.8%) |
| Vacant Housing Units | 6,448 (62.2%) |
| Median Home Value | $995,518 |
| Average Home Value | $1,226,830 |
Housing Distribution
Address Breakdown
Residential
6,895
Single Family
3,560
Multi-Family
3,335
Businesses
232
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Listed by: Marni Hayden • CHROME REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4652576
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