1551 N Conrad AveSarasotaFL34237
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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 1551 N Conrad Ave, Sarasota, FL, 34237 generates $2,473/mo in rent and, after a $1,713/mo payment, leaves $151/mo in cash flow. Total monthly income is $2,473/mo, and annual cash flow is $1,807/yr on $115,992 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.48% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 111.8% and total cumulative return in cash sums $129,678. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
5,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,353 (100%) |
| Owner Occupied HU | 3,743 (40.0%) |
| Renter Occupied HU | 3,912 (41.8%) |
| Vacant Housing Units | 1,698 (18.2%) |
| Median Home Value | $350,668 |
| Average Home Value | $494,000 |
Housing Distribution
Address Breakdown
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
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