2220 Stickney Point Rd APT 524, Sarasota, FL, 34231 | $255/mo Cash Flow

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2220 Stickney Point Rd APT 524, Sarasota, FL, 34231 | $255/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Sarasota at 2220 Stickney Point Rd APT 524, Sarasota, FL, 34231 earns $255/mo cash flow from $1,582/mo rent with a $979/mo payment. Total monthly income totals $1,582/mo, and annual cash flow totals $3,056/yr on $66,300 capital. ROI tracks 24.52% on current figures, and rental yield reads 9.49% at a $199,999 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 128.16% and total cumulative return in cash sums $84,968. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,582/mo property income instead of your personal income.

Condo

Built in 1973

4.82 Acres lot

$N/A/sqft

No HOA

More details about the property

RARELY AVAILAIBLE 3-BEDROOMS . . . END UNIT . . . ACROSS FROM THE ELEVATOR . . . AND just minutes from Siesta Key Beach and walkable to Gulf Gate for all the shopping, entertainment and dining you could want. This bright open split floor plan is spacious and would be a great year-round home or seasonal retreat. The primary suite is a large area with a walk-in closet and en-suite bath while two additional bedrooms offer plenty of space for your guests, hobbies or home office. Tregate Manor is a 55+ community offering a heated community pool, covered reserved parking, small workout area, BBQ spaces and beautiful landscaped grounds. This condo is conveniently located across from the elevator for convenience. This is your chance to own a piece of paradise and one of the very few 3-bedroom residences in this sought after community where the location is unbeatable. HOA fees are in negotiations to be reduced by the end of the year. Currently $581 per month includes basic cable, internet, water, sewer, trash, recycling, exterior insurance, exterior pest control and all for one low price. The only things you need to add is electricity and content insurance. All information provided by the sellers is deemed reliable but is not guaranteed. Buyers are encouraged to verify all information independently.

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