3684 Fescue LnSarasotaFL34232
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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
Investment Highlights
Rental property for sale in Sarasota at 3684 Fescue Ln, Sarasota, FL, 34232 priced at $494,500 converts $3,506/mo rent into after a $2,420/mo obligation. Total monthly income equals $3,506/mo. Return on cash invested prints 18.54% in year one, and rental yield reads 8.51% against a $494,500 entry. Equity gained on principal adds $3,191/yr, while 5% annual appreciation compiles into $136,621 by year five. Five-year ROI reaches 97.17% and total cumulative return in cash sums $159,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,506/mo property income covering a $2,420/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
3,300 sqft lot
$N/A/sqft
$325 monthly 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
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Listed by: Andrew Haddad • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4648807
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