3700 S Osprey Ave APT 214SarasotaFL34239
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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 3700 S Osprey Ave APT 214, Sarasota, FL, 34239 uses $99,119 cash to close to unlock $2,955/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,230/mo, and a $1,463/mo payment keeps the spread at $246/mo. Purchase price stands at $299,000, and rental yield measures 8.95% with $2,230/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash records $118,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,230/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A 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
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