1510 Pelican Point Dr APT BA269SarasotaFL34231
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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
Rental property for sale in Sarasota at 1510 Pelican Point Dr APT BA269, Sarasota, FL, 34231 generates $2,131/mo in rent, after a $2,574/mo payment. Total monthly income is $2,131/mo. Return on cash invested sits at 10.63% in year one, and rental yield is 4.86% on a $525,800 entry. Equity gained on principal adds $3,393/yr, while 5% annual appreciation builds toward $145,269 over five years. Five-year ROI reaches 53.69% and total cumulative return in cash sums $92,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,131/mo property income rather than buyer’s personal income.
Condo
Built in 1978
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34231, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,710 (100%) |
| Owner Occupied HU | 10,882 (58.2%) |
| Renter Occupied HU | 4,779 (25.5%) |
| Vacant Housing Units | 3,049 (16.3%) |
| Median Home Value | $488,555 |
| Average Home Value | $655,660 |
Housing Distribution
Address Breakdown
Residential
16,928
Single Family
14,567
Multi-Family
2,361
Businesses
1,148
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