23 Palm 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 23 Palm Dr, Sarasota, FL, 34238 earns $160/mo cash flow from $1,086/mo rent with a $683/mo payment. Total monthly income totals $1,086/mo, and annual cash flow totals $1,920/yr on $46,244 capital. ROI tracks 24.06% on current figures, and rental yield reads 9.34% at a $139,500 purchase. Equity gained on principal adds $900/yr, and 5% annual appreciation supports $38,541 over five years. Five-year ROI reaches 125.8% and total cumulative return in cash sums $58,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,086/mo property income instead of your personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No 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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