2723 59th StSarasotaFL34243
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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
Rental property for sale in Sarasota at 2723 59th St, Sarasota, FL, 34243 generates $6,421/mo in rent and, after a $4,527/mo payment, leaves $283/mo in cash flow. Total monthly income is $6,421/mo, and annual cash flow is $3,396/yr on $304,325 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 8.33% on a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 110.18% and total cumulative return in cash sums $335,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,421/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34243, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 10,767 (61.4%) |
| Renter Occupied HU | 4,395 (25.1%) |
| Vacant Housing Units | 2,370 (13.5%) |
| Median Home Value | $453,505 |
| Average Home Value | $504,833 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
12,522
Multi-Family
3,276
Businesses
1,656
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