1770 Benjamin Franklin Dr APT 407, Sarasota, FL, 34236 | 6.22% Rental Yield

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1770 Benjamin Franklin Dr APT 407, Sarasota, FL, 34236 | 6.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sarasota at 1770 Benjamin Franklin Dr APT 407, Sarasota, FL, 34236 listed at $675,000 pairs $3,499/mo rent with a $3,304/mo payment. Total monthly income runs $3,499/mo. Return on cash invested measures 14.76% in year one, and rental yield registers 6.22% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 75.8% and total cumulative return in cash totals $168,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,499/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

0.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the best of coastal living at Lido Harbour Towers with this stunning 3-bedroom, 2-bath residence boasting panoramic views of both the Gulf and the Downtown Sarasota skyline. Perfectly situated on Lido Beach, this 1,380-square-foot condominium captures the beauty of Sarasota from sunrise to sunset. Inside, the home has been thoughtfully updated with impact-rated windows and sliders, modern flooring, and light-filled living spaces. The open-concept layout frames breathtaking water vistas in every directionglistening Gulf waters to the west and the sparkling city lights of Downtown Sarasota to the east. Step onto your private balcony and enjoy spectacular sunsets over the Gulf, followed by the glowing nightscape of the city. The primary suite offers a serene retreat with dramatic Gulf views, while two additional bedrooms provide ample comfort for family and guests. Residents of Lido Harbour Towers enjoy direct beachfront access, a heated community pool, gated under-building parking, and secure elevator access. The comprehensive condo fee includes water, sewer, trash, cable, exterior building insurance, and pool maintenanceensuring carefree ownership. All of this, just minutes from the boutiques and dining of St. Armands Circle and the cultural attractions of Downtown Sarasota. Whether as a seasonal getaway or a full-time residence, Unit 407 offers an unmatched blend of luxury, lifestyle, and location.