3693 Parkridge Cir #7-101SarasotaFL34243
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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
Investment property for sale in Sarasota at 3693 Parkridge Cir #7-101, Sarasota, FL, 34243 uses $66,466 cash to close to unlock $694/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $1,388/mo, and a $981/mo payment keeps the spread at $58/mo. Purchase price stands at $200,500, and rental yield measures 8.31% with $1,388/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $55,394 over five years. Five-year ROI reaches 109.04% and total cumulative return in cash records $72,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,388/mo property income covering a $981/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34243, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 10,767 (61.4%) |
| Renter Occupied HU | 4,395 (25.1%) |
| Vacant Housing Units | 2,370 (13.5%) |
| Median Home Value | $453,505 |
| Average Home Value | $504,833 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
12,522
Multi-Family
3,276
Businesses
1,656
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