332 Cocoanut Ave #505, Sarasota, FL, 34236 | 6.8% Rental Yield

For Sale

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $5,039/mo, and a $4,351/mo payment. Purchase price stands at $889,000, and rental yield measures 6.8% with $5,039/mo rent. Return on cash invested shows 16.53% in year one, and 5% annual appreciation builds toward $245,614 over five years. Five-year ROI reaches 85.28% and total cumulative return in cash records $249,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,039/mo property income covering a $4,351/mo payment rather than investor’s personal income.

Condo

Built in 2021

0.48 Acres lot

$N/A/sqft

No HOA