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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sarasota at 2938 Clark Rd APT 203, Sarasota, FL, 34231 offers a 9.16% rental yield on a $198,600 purchase with $1,516/mo rent. 8% in year one. Equity gained on principal adds $1,282/yr while 5% annual appreciation supports $54,870 over five years. Portfolio math shows five-year ROI at 69.28% and total cumulative return in cash at $45,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,516/mo property income against a $972/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
1.56 Acres lot
$N/A/sqft
$588 monthly HOA
Neighborhood data shown for ZIP Code: 34231, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,710 (100%) |
| Owner Occupied HU | 10,882 (58.2%) |
| Renter Occupied HU | 4,779 (25.5%) |
| Vacant Housing Units | 3,049 (16.3%) |
| Median Home Value | $488,555 |
| Average Home Value | $655,660 |
Residential
16,928
Single Family
14,567
Multi-Family
2,361
Businesses
1,148
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $198,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sherri Urfer • SUNSET REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4647563
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
