2853 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 2853 Hillcrest Dr, Sarasota, FL, 34234 priced at $143,999 converts $1,140/mo rent into $169/mo cash flow after a $705/mo obligation. Total monthly income equals $1,140/mo, and annual cash flow totals $2,030/yr on $47,736 invested. Return on cash invested prints 24.16% in year one, and rental yield reads 9.5% against a $143,999 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation compiles into $39,784 by year five. Five-year ROI reaches 126.46% and total cumulative return in cash sums $60,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $705/mo payment, not borrower’s personal income.
Manufactured
Built in 1982
1,532 sqft lot
$N/A/sqft
$15 monthly 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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