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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 3121 Mohawk St, Sarasota, FL, 34231 priced at $474,900 pairs $3,775/mo rent with $624/mo cash flow after a $2,324/mo payment. Total monthly income equals $3,775/mo, and annual cash flow comes to $7,487/yr on $157,429 invested. Return on cash invested is 24.66% in year one, and rental yield stands at 9.54% on a $474,900 basis. Equity gained on principal adds $3,064/yr, and 5% annual appreciation accumulates to $131,206 by year five. Five-year ROI measures 128.92% and total cumulative return in cash reaches $202,955. For financing, Ziffy Mortgage’s DSCR program evaluates $3,775/mo property income against a $2,324/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
8,424 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-01-20 | Listed for sale | $474,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $131,369 | 3.00% |
| 2023-02-14 | $1597.74 | 3.72% | $127,543 | 3.00% |
| 2022-02-14 | $1540.45 | 3.12% | $123,828 | 3.00% |
Listed by: REENY Kaney • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4636039
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
