1735 Old Elm StSarasotaFL34234
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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 1735 Old Elm St, Sarasota, FL, 34234 earns $194/mo cash flow from $1,235/mo rent with a $768/mo payment. Total monthly income totals $1,235/mo, and annual cash flow totals $2,323/yr on $52,046 capital. ROI tracks 24.37% on current figures, and rental yield reads 9.44% at a $157,000 purchase. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 over five years. Five-year ROI reaches 127.38% and total cumulative return in cash sums $66,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,235/mo property income instead of your personal income.
Manufactured
Built in 1963
3,463 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34234, Sarasota, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,522
Single Family
8,820
Multi-Family
702
Businesses
776
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