1504 Cocoanut Ave, Sarasota, FL, 34236 | 7.19% Rental Yield

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1504 Cocoanut Ave, Sarasota, FL, 34236 | 7.19% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sarasota at 1504 Cocoanut Ave, Sarasota, FL, 34236 with 5% annual appreciation on a $550,000 basis while $3,295/mo rent supports operations. 71% in year one. Equity gained on principal adds $3,549/yr, and five-year appreciation sums $151,955 alongside rental yield of 7.19%. Five-year ROI measures 91.61% and total cumulative return in cash totals $165,766. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,295/mo property income versus a $2,692/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1951

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful Double Lot Near Downtown Sarasota and The Bay Prime opportunity for future land development north of downtown Sarasota and The Bay. The value lies in the spacious double lot, nestled in a highly desirable residential neighborhood close to the international airport, Bayfront, and vibrant downtown Sarasota, close to top-rated restaurants, bars, and boutique shops. Enjoy easy access to the public boat ramp on 10th Street, offering a direct route to the Gulf of Mexico for boating and water recreation. Just a few blocks away, the renowned Ringling College of Art and Design adds to the neighborhoods prestige. This property is ideal as a family home site or a strong investment opportunity in one of Sarasotas most sought-after areas. The existing home currently generates rental income with a tenant in place. Survey available upon request.