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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sarasota at 1500 Cove Ii Pl APT 524, Sarasota, FL, 34242 listed at $925,000 pairs $4,869/mo rent with a $4,527/mo payment. Total monthly income runs $4,869/mo. Return on cash invested measures 11.14% in year one, and rental yield registers 6.32% at a $925,000 basis. Equity gained on principal adds $5,969/yr, and annual property appreciation at 5% supports $255,560 by year five. Five-year ROI tracks 57.79% and total cumulative return in cash totals $175,861. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,869/mo property income relative to a $4,527/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
11.58 Acres lot
$N/A/sqft
$987 monthly HOA
Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.
| 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 |
Residential
6,895
Single Family
3,560
Multi-Family
3,335
Businesses
232
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $925,000 |
| 2020-12-15 | Sold | $635,500 |
| 2020-10-19 | Pending sale | $664,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $8306.42 | -3.86% | $665,000 | 1.64% |
| 2023-04-01 | $8639.66 | 0.42% | $654,302 | 10.00% |
| 2022-04-01 | $8603.20 | 25.94% | $594,820 | 14.34% |
Listed by: Peter Lev • EXCEPTIONS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4647034
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
