2331 Lake View 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 2331 Lake View Dr, Sarasota, FL, 34238 uses $53,007 cash to close to unlock $2,154/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,241/mo, and a $783/mo payment keeps the spread at $180/mo. Purchase price stands at $159,900, and rental yield measures 9.31% with $1,241/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash records $66,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,241/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
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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