1583 Tarpon 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
Investment property for sale in Sarasota at 1583 Tarpon Ave, Sarasota, FL, 34237 uses $121,959 cash to close to unlock $5,251/yr annual cash flow and $438/mo monthly cash flow. Total monthly income runs $2,929/mo, and a $1,801/mo payment keeps the spread at $438/mo. Purchase price stands at $367,900, and rental yield measures 9.55% with $2,929/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $101,644 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash records $154,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,929/mo property income covering a $1,801/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.25 Acres 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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