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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% |
Rental property for sale in Sarasota at 3101 Bee Ridge Rd APT 122, Sarasota, FL, 34239 generates $924/mo in rent, after a $600/mo payment. Total monthly income is $924/mo. Return on cash invested sits at 8.3% in year one, and rental yield is 9.05% on a $122,500 entry. Equity gained on principal adds $790/yr, while 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 46.66% and total cumulative return in cash sums $18,948. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $924/mo property income rather than buyer’s personal income.
Condo
Built in 1963
1.25 Acres lot
$N/A/sqft
$457 monthly HOA
Neighborhood data shown for ZIP Code: 34239, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,182 (63.3%) |
| Renter Occupied HU | 1,872 (22.9%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $513,900 |
| Average Home Value | $735,089 |
Residential
7,553
Single Family
7,038
Multi-Family
515
Businesses
862
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $122,500 |
| 2025-01-08 | Listing removed | $129,500 |
| 2024-01-08 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-26 | $1648.87 | 4.09% | $105,500 | 2.33% |
| 2023-04-26 | $1584.14 | 10.15% | $103,100 | 16.10% |
| 2022-04-26 | $1438.11 | 36.29% | $88,800 | 58.29% |
Listed by: Brittney Cruz • HOMESCENE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8377969
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
