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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 3603 Longmeadow #6-UNIT 47, Sarasota, FL, 34235 earns $767/mo cash flow from $3,487/mo rent with a $1,561/mo payment. Total monthly income totals $3,487/mo, and annual cash flow totals $9,209/yr on $105,749 capital. ROI tracks 28.62% on current figures, and rental yield reads 13.12% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 152.62% and total cumulative return in cash sums $161,389. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,487/mo property income instead of your personal income.
Condo
Built in 1979
1.82 Acres lot
$N/A/sqft
$603 monthly HOA
Neighborhood data shown for ZIP Code: 34235, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,528 (100%) |
| Owner Occupied HU | 5,314 (62.3%) |
| Renter Occupied HU | 1,905 (22.3%) |
| Vacant Housing Units | 1,309 (15.3%) |
| Median Home Value | $431,923 |
| Average Home Value | $497,906 |
Residential
8,109
Single Family
6,639
Multi-Family
1,470
Businesses
116
Date | Event | Price |
|---|---|---|
| 2024-09-27 | Listed for sale | $319,000 |
| 2024-07-20 | Listing removed | N/A |
| 2024-06-26 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-26 | N/A | N/A | $188,300 | 13.10% |
| 2023-12-26 | $2738.90 | 6.13% | $166,496 | 10.00% |
| 2022-12-26 | $2580.73 | 23.81% | $151,360 | 10.00% |
Listed by: Brooke Codere • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4624812
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
