3005 Desoto RdSarasotaFL34234
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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 3005 Desoto Rd, Sarasota, FL, 34234 generates $4,723/mo in rent, after a $6,850/mo payment. Total monthly income is $4,723/mo. Return on cash invested sits at 8.29% in year one, and rental yield is 4.05% on a $1,399,500 entry. Equity gained on principal adds $9,031/yr, while 5% annual appreciation builds toward $386,656 over five years. Five-year ROI reaches 41.04% and total cumulative return in cash sums $186,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,723/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.96 Acres 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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