2240 Stickney Point Rd APT 231, Sarasota, FL, 34231 | $177/mo Cash Flow

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2240 Stickney Point Rd APT 231, Sarasota, FL, 34231 | $177/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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 2240 Stickney Point Rd APT 231, Sarasota, FL, 34231 earns $177/mo cash flow from $1,371/mo rent with a $881/mo payment. Total monthly income totals $1,371/mo, and annual cash flow totals $2,118/yr on $59,670 capital. ROI tracks 23.46% on current figures, and rental yield reads 9.14% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash sums $73,097. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,371/mo property income instead of your personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

GREAT OPPORTUNITY, MOTIVATED SELLER.... AND WELCOME HOME!! 3 miles to Siesta Key Beach! Welcome to Tregate Manor in Sarasota, where this 3rd floor unit(WITH ELEVATOR) in the 55+ condominium community is a haven of comfort and style. Step inside to discover this 2/2 a welcoming atmosphere throughout. The attention to detail is evident with the replacement of all KITCHEN APPLIANCES SS, NEWER A/C, NEW ELECTRIC PANEL, NEW PLUMBING, ALL WINDOWS IMPACT RATED, NEW CEILING FANS. The location is ideal, with Siesta Key Beach just a less-than-10-minute drive away and convenient walking distance to shopping and a variety of restaurants. This condominium offers more than just a home; it provides a lifestyle of convenience and relaxation. The covered and screened balcony overlooks a tranquil landscaped area, creating a perfect spot for morning coffee or evening unwinding. A prime location at the back of the community, you'll enjoy a peaceful and serene environment. Take a leisurely stroll to the pool and clubhouse and view from your back balcony, fostering a sense of community and ease. If you're seeking a beautifully conveniently located 55+ living experience, Tregate Manor awaits you!. Don't miss this one!!! Call for a private showing....BRAND NEW CARPORT INCLUDED

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