2029 Palm TerSarasotaFL34231
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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
Rental property for sale in Sarasota at 2029 Palm Ter, Sarasota, FL, 34231 generates $1,802/mo in rent, after a $1,810/mo payment. Total monthly income is $1,802/mo. Return on cash invested sits at 13.45% in year one, and rental yield is 5.85% on a $369,777 entry. Equity gained on principal adds $2,386/yr, while 5% annual appreciation builds toward $102,163 over five years. Five-year ROI reaches 68.8% and total cumulative return in cash sums $84,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,802/mo property income rather than buyer’s personal income.
Multi Family
Built in 1949
9,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34231, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,710 (100%) |
| Owner Occupied HU | 10,882 (58.2%) |
| Renter Occupied HU | 4,779 (25.5%) |
| Vacant Housing Units | 3,049 (16.3%) |
| Median Home Value | $488,555 |
| Average Home Value | $655,660 |
Housing Distribution
Address Breakdown
Residential
16,928
Single Family
14,567
Multi-Family
2,361
Businesses
1,148
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Listed by: Dane Peterson • RELAX REALTY GROUP INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4632179
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511