3500 Beneva Rd UNIT 307SarasotaFL34232
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
Investment Highlights
Investment property for sale in Sarasota at 3500 Beneva Rd UNIT 307, Sarasota, FL, 34232 offers a 9.58% rental yield on a $193,849 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $949/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,137/yr on $64,261 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,251/yr while 5% annual appreciation supports $53,557 over five years. Portfolio math shows five-year ROI at 129.63% and total cumulative return in cash at $83,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $949/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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