3700 S Osprey Ave APT 118SarasotaFL34239
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3700 S Osprey Ave APT 118, Sarasota, FL, 34239 in Sarasota carries a 1.52 coverage ratio, rent of $1,628/mo is 1.52 times the $1,070/mo payment. Rental yield 8.21%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $237,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $65,727; total projected cumulative return: $93,840.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.2% |
| Monthly Cash Flow | $(618) | $300 |
City averages based on Sarasota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,628 |
| Total Monthly Debt Service | $1,484 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34239, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,182 (63.3%) |
| Renter Occupied HU | 1,872 (22.9%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $513,900 |
| Average Home Value | $735,089 |
Housing Distribution
Address Breakdown
Residential
7,553
Single Family
7,038
Multi-Family
515
Businesses
862
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
Condo
Built in 1979
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34239, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,182 (63.3%) |
| Renter Occupied HU | 1,872 (22.9%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $513,900 |
| Average Home Value | $735,089 |
Housing Distribution
Address Breakdown
Residential
7,553
Single Family
7,038
Multi-Family
515
Businesses
862
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices