2304 Ringling Blvd APT 101SarasotaFL34237
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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 101, Sarasota, FL, 34237 earns $173/mo cash flow from $1,228/mo rent with a $778/mo payment. Total monthly income totals $1,228/mo, and annual cash flow totals $2,077/yr on $52,709 capital. ROI tracks 23.85% on current figures, and rental yield reads 9.27% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 124.65% and total cumulative return in cash sums $65,700. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,228/mo property income instead of your 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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