1771 Ringling Blvd UNIT 703SarasotaFL34236
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder1771 Ringling Blvd UNIT 703, Sarasota, FL, 34236 in Sarasota is a stable, well-positioned rental at $799,000. Rental yield 7.45%. DSCR 1.38 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $220,749 in value and $7,359/yr in principal paydown builds equity, a total projected return of $199,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.2% |
| Monthly Cash Flow | $(1,732) | $300 |
City averages based on Sarasota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,959 |
| Total Monthly Debt Service | $6,373 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,221 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,221 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shayla Twit • CORCORAN DWELLINGS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4658164
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