3223 N Lockwood Ridge Rd #192SarasotaFL34234
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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 3223 N Lockwood Ridge Rd #192, Sarasota, FL, 34234 uses $56,322 cash to close to unlock $1,909/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,287/mo, and a $832/mo payment keeps the spread at $159/mo. Purchase price stands at $169,900, and rental yield measures 9.09% with $1,287/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 121.7% and total cumulative return in cash records $68,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,287/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A 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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