1959 Toucan Way UNIT 206, Sarasota, FL, 34232 | $1,356/mo Cash Flow

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1959 Toucan Way UNIT 206, Sarasota, FL, 34232 | $1,356/mo Cash Flow | Ziffy

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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

Rental property for sale in Sarasota at 1959 Toucan Way UNIT 206, Sarasota, FL, 34232 generates $2,348/mo in rent and, after a $732/mo payment, leaves $1,356/mo in cash flow. Total monthly income is $2,348/mo, and annual cash flow is $16,267/yr on $49,559 invested. Return on cash invested sits at 52.73% in year one, and rental yield is 18.85% on a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 279.46% and total cumulative return in cash sums $138,497. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,348/mo property income rather than buyer’s personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Under contract-accepting backup offers. Whether you're looking for a full-time home, seasonal retreat, or investment property, this centrally located gem checks all the boxes. This bright and spacious first-floor condo offers 2 bedrooms, 2 bathrooms, and private patiodelivering the ideal blend of comfort, convenience, and the best of Florida living. Step inside to a naturally lit open-concept living area featuring a galley-style kitchen with a convenient passthrough window, plus a generous carpeted living and dining area perfect for entertaining or relaxing. Glass panel French doors lead to your own private patio, where you can unwind with views of lush greenery and palm treesyour personal oasis for morning coffee or evening sunsets. The primary suite includes dual closets and an en-suite bath with walk-in shower. A second bedroom and full guest bath provide flexibility for guests or a home office. Enjoy the convenience of an in-unit washer/dryer and carpeted comfort throughout. Located just minutes from Sarasotas top beaches, dining, golf, and the Legacy Trail, this condo also includes access to a community pool, fitness center, and clubhouse. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 34232, Sarasota, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,470 (100%)
Owner Occupied HU	10,966 (62.8%)
Renter Occupied HU	4,601 (26.3%)
Vacant Housing Units	1,903 (10.9%)
Median Home Value	$419,430
Average Home Value	$505,893