4508 Cinnamon Dr #2306SarasotaFL34238
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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 4508 Cinnamon Dr #2306, Sarasota, FL, 34238 offers a 8.6% rental yield on a $375,000 purchase with $2,688/mo rent. Total monthly income registers $2,688/mo, and a $1,835/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,398/yr on $124,313 to close, and return on cash invested stands at 21.84% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 113.76% and total cumulative return in cash at $141,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,688/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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