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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sarasota at 3423 Clark Rd APT 124, Sarasota, FL, 34231 offers a 9.32% rental yield on a $174,900 purchase with $1,358/mo rent. Total monthly income registers $1,358/mo, and a $856/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,369/yr on $57,979 to close, and return on cash invested stands at 23.99% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 125.4% and total cumulative return in cash at $72,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,358/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
9.90 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34231, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,710 (100%) |
| Owner Occupied HU | 10,882 (58.2%) |
| Renter Occupied HU | 4,779 (25.5%) |
| Vacant Housing Units | 3,049 (16.3%) |
| Median Home Value | $488,555 |
| Average Home Value | $655,660 |
Residential
16,928
Single Family
14,567
Multi-Family
2,361
Businesses
1,148
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Yuniel Gomez Camejo • SRQ INTERNATIONAL REALTY LLC
Mls Name: Stellar MLS
Mls ID: #A4658471
