317 Amherst Ave #55SarasotaFL34232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 317 Amherst Ave #55, Sarasota, FL, 34232 generates $1,312/mo in rent and, after a $808/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,312/mo, and annual cash flow is $2,599/yr on $54,698 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 9.54% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 128.96% and total cumulative return in cash sums $70,535. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,312/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34232, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,470 (100%) |
| Owner Occupied HU | 10,966 (62.8%) |
| Renter Occupied HU | 4,601 (26.3%) |
| Vacant Housing Units | 1,903 (10.9%) |
| Median Home Value | $419,430 |
| Average Home Value | $505,893 |
Housing Distribution
Address Breakdown
Residential
15,983
Single Family
13,050
Multi-Family
2,933
Businesses
1,194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices