2840 Hillcrest DrSarasotaFL34234
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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 2840 Hillcrest Dr, Sarasota, FL, 34234 offers $1,067/mo rent that, after a $683/mo payment, leaves $141/mo cash flow. Total monthly income is $1,067/mo, and annual cash flow is $1,690/yr on $46,277 cash. Return on cash invested measures 23.56% in year one, and rental yield stands at 9.17% at a $139,600 entry. Equity gained on principal adds $901/yr while 5% annual appreciation compounds into $38,569 by year five. Five-year ROI records 123% and total cumulative return in cash reaches $56,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,067/mo property income versus a $683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34234, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,237 (100%) |
| Owner Occupied HU | 5,092 (49.7%) |
| Renter Occupied HU | 3,738 (36.5%) |
| Vacant Housing Units | 1,407 (13.7%) |
| Median Home Value | $261,205 |
| Average Home Value | $383,870 |
Housing Distribution
Address Breakdown
Residential
9,522
Single Family
8,820
Multi-Family
702
Businesses
776
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