3054 Markridge RdSarasotaFL34231
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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
Investment property for sale in Sarasota at 3054 Markridge Rd, Sarasota, FL, 34231 at $584,900 posts ROI 16.06% with from $3,246/mo rent. Total monthly income equals $3,246/mo. Return on cash invested measures 16.06% and rental yield reads 6.66% at the current $584,900. Equity gained on principal adds $3,774/yr, and 5% annual appreciation supports $161,597 by year five. Five-year ROI prints 82.78% and total cumulative return in cash totals $159,299. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,246/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
8,800 sqft lot
$N/A/sqft
$6 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34231, Sarasota, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,928
Single Family
14,567
Multi-Family
2,361
Businesses
1,148
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Listed by: Melissa Wright • CARMEL PROPERTIES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4637526
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