2202 Erdman DrSarasotaFL34231
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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 2202 Erdman Dr, Sarasota, FL, 34231 generates $2,836/mo in rent and, after a $1,591/mo payment, leaves $464/mo in cash flow. Total monthly income is $2,836/mo, and annual cash flow is $5,568/yr on $107,738 invested. Return on cash invested sits at 25.08% in year one, and rental yield is 10.47% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 131.99% and total cumulative return in cash sums $142,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,836/mo property income rather than buyer’s personal income.
Manufactured
Built in 2004
5,853 sqft lot
$N/A/sqft
$215 monthly 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: Sepi Mahdavieh • KELLER WILLIAMS SOUTH SHORE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8325228
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