2700 Coconut Bay Ln #419SarasotaFL34237
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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 2700 Coconut Bay Ln #419, Sarasota, FL, 34237 listed at $154,950 pairs $1,166/mo rent with a $758/mo payment to leave $138/mo cash flow. Total monthly income runs $1,166/mo, and annual cash flow reaches $1,658/yr on $51,366 cash to close. Return on cash invested measures 23.14% in year one, and rental yield registers 9.03% at a $154,950 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,810 by year five. Five-year ROI tracks 120.83% and total cumulative return in cash totals $62,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,166/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A 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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