3253 Beneva Rd UNIT 203SarasotaFL34232
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Sarasota rentals match the income profile of 3253 Beneva Rd UNIT 203, Sarasota, FL, 34232. Listed at $159,794, gross rent is $3,120/mo and net cash flow is $1,625/mo, a 23.43% yield well above national averages. DSCR 4.34 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $44,148 by year five with $1,472/yr in annual principal reduction, projecting $167,312 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.4% | 5.2% |
| Monthly Cash Flow | $1,625 | $300 |
City averages based on Sarasota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,120 |
| Total Monthly Debt Service | $1,432 |
| DSCR Ratio | 2.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A lot
$N/A/sqft
$421 monthly 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
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
Condo
Built in 1975
N/A lot
$N/A/sqft
$421 monthly 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