224 W Cornelius CirSarasotaFL34232
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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 224 W Cornelius Cir, Sarasota, FL, 34232 priced at $234,900 converts $1,568/mo rent into $9/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,568/mo, and annual cash flow totals $107/yr on $77,869 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 8.01% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 104.16% and total cumulative return in cash sums $81,105. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,568/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1960
8,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34232, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,470 (100%) |
| Owner Occupied HU | 10,966 (62.8%) |
| Renter Occupied HU | 4,601 (26.3%) |
| Vacant Housing Units | 1,903 (10.9%) |
| Median Home Value | $419,430 |
| Average Home Value | $505,893 |
Housing Distribution
Address Breakdown
Residential
15,983
Single Family
13,050
Multi-Family
2,933
Businesses
1,194
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