1607 Boathouse Cir APT HA216SarasotaFL34231
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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
Total monthly income runs $2,946/mo, and a $3,180/mo payment. Purchase price stands at $649,800, and rental yield measures 5.44% with $2,946/mo rent. Return on cash invested shows 12.39% in year one, and 5% annual appreciation builds toward $179,528 over five years. Five-year ROI reaches 63.11% and total cumulative return in cash records $134,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $3,180/mo payment rather than investor’s personal income.
Condo
Built in 1979
3.36 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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