2304 Ringling Blvd APT 100SarasotaFL34237
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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 2304 Ringling Blvd APT 100, Sarasota, FL, 34237 uses $52,046 cash to close to unlock $10,123/yr annual cash flow and $844/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $768/mo payment keeps the spread at $844/mo. Purchase price stands at $157,000, and rental yield measures 14.41% with $1,885/mo rent. Return on cash invested shows 39.36% in year one, and 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 207.76% and total cumulative return in cash records $108,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $768/mo payment rather than investor’s personal income.
Condo
Built in 1965
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,353 (100%) |
| Owner Occupied HU | 3,743 (40.0%) |
| Renter Occupied HU | 3,912 (41.8%) |
| Vacant Housing Units | 1,698 (18.2%) |
| Median Home Value | $350,668 |
| Average Home Value | $494,000 |
Housing Distribution
Address Breakdown
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
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