217 Water Oak LnSarasotaFL34237
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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 217 Water Oak Ln, Sarasota, FL, 34237 earns from $1,104/mo rent with a $714/mo payment. Total monthly income totals $1,104/mo. ROI tracks 18.57% on current figures, and rental yield reads 9.08% at a $145,900 purchase. Equity gained on principal adds $941/yr, and 5% annual appreciation supports $40,309 over five years. Five-year ROI reaches 97.96% and total cumulative return in cash sums $47,379. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,104/mo property income instead of your personal income.
Manufactured
Built in 1971
4,671 sqft lot
$N/A/sqft
$190 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,353 (100%) |
| Owner Occupied HU | 3,743 (40.0%) |
| Renter Occupied HU | 3,912 (41.8%) |
| Vacant Housing Units | 1,698 (18.2%) |
| Median Home Value | $350,668 |
| Average Home Value | $494,000 |
Housing Distribution
Address Breakdown
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
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Listed by: Angela Bryson • PALM REALTY SERVICES LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4646614
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