1520 Glen Oaks Dr E UNIT 256, Sarasota, FL, 34232 | $849/mo Cash Flow

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1520 Glen Oaks Dr E UNIT 256, Sarasota, FL, 34232 | $849/mo Cash Flow | Ziffy

For Sale

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 1520 Glen Oaks Dr E UNIT 256, Sarasota, FL, 34232 listed at $135,000 pairs $1,745/mo rent with a $661/mo payment to leave $849/mo cash flow. Total monthly income runs $1,745/mo, and annual cash flow reaches $10,186/yr on $44,753 cash to close. Return on cash invested measures 42.67% in year one, and rental yield registers 15.51% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 225.48% and total cumulative return in cash totals $100,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,745/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1975

3.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Glen Oaks Garden, a vibrant 55+ community in the heart of Sarasota. This beautifully appointed 2-bedroom, 2-bath condo offers a desirable split-bedroom layout and an open floor plan, perfect for both everyday living and entertaining. The kitchen boasts solid wood cabinets and solid surface countertops, while tile flooring flows through the main living spaces for easy maintenance. Enjoy the Florida lifestyle year-round on your relaxing screened back porch. The primary suite features a walk-in closet and an updated en-suite bath, while the guest bedroom also includes generous built-in storage. Additional highlights include updated bathrooms, abundant closet space, and an A/C thats just 2 years new. The community offers resort-style amenities including a large heated pool, fitness center, clubhouse with full kitchen, library/game room, and billiards room. With a roof only 5 years old, a strong reserve fund, a passed milestone inspection, and fresh exterior paint underway, this community is as well-kept as it is welcoming. Located just off University Parkway and I-75, youre minutes from shopping, dining, golf, and Sarasotas world-class beaches. Assigned covered parking is includedmove right in and start enjoying the warm Florida sunshine.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34232, Sarasota, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,470 (100%)
Owner Occupied HU	10,966 (62.8%)
Renter Occupied HU	4,601 (26.3%)
Vacant Housing Units	1,903 (10.9%)
Median Home Value	$419,430
Average Home Value	$505,893