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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sarasota at 1616 Olympia Fields St #5, Sarasota, FL, 34234 listed at $129,000 pairs $986/mo rent with a $631/mo payment to leave $130/mo cash flow. Total monthly income runs $986/mo, and annual cash flow reaches $1,564/yr on $42,764 cash to close. Return on cash invested measures 23.57% in year one, and rental yield registers 9.17% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 123.11% and total cumulative return in cash totals $52,645. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $986/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1969
6,365 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34234, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,237 (100%) |
| Owner Occupied HU | 5,092 (49.7%) |
| Renter Occupied HU | 3,738 (36.5%) |
| Vacant Housing Units | 1,407 (13.7%) |
| Median Home Value | $261,205 |
| Average Home Value | $383,870 |
Residential
9,522
Single Family
8,820
Multi-Family
702
Businesses
776
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Mayelin Salazar • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #A4663325
