2201 Gondola DrSarasotaFL34238
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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 2201 Gondola Dr, Sarasota, FL, 34238 uses $34,808 cash to close to unlock $12,673/yr annual cash flow and $1,056/mo monthly cash flow. Total monthly income runs $1,928/mo, and a $514/mo payment keeps the spread at $1,056/mo. Purchase price stands at $105,000, and rental yield measures 22.03% with $1,928/mo rent. Return on cash invested shows 56.32% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 300.97% and total cumulative return in cash records $104,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,928/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
4,996 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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Listed by: Lisa Flynn • FINE PROPERTIES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4667937
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