340 S Palm Ave UNIT 11, Sarasota, FL, 34236 | 3.73% Rental Yield

For Sale

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

Rental property for sale in Sarasota at 340 S Palm Ave UNIT 11, Sarasota, FL, 34236 generates $4,818/mo in rent, after a $7,586/mo payment. Total monthly income is $4,818/mo. Return on cash invested sits at 7.31% in year one, and rental yield is 3.73% on a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation builds toward $428,236 over five years. Five-year ROI reaches 35.76% and total cumulative return in cash sums $179,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,818/mo property income rather than buyer’s personal income.

Condo

Built in 1998

1.29 Acres lot

$N/A/sqft

No HOA