4580 Longwater Chase #61SarasotaFL34235
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 4580 Longwater Chase #61, Sarasota, FL, 34235 in Sarasota achieves a 1.50 ratio at $250,000: $1,685/mo rent versus $1,124/mo debt service. Rental yield 8.46%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.46% yield compounds alongside 5% annual appreciation projecting $69,070 in value. Total projected cumulative return: $77,125.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.2% |
| Monthly Cash Flow | $(227) | $300 |
City averages based on Sarasota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,685 |
| Total Monthly Debt Service | $1,891 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
10.71 Acres lot
$N/A/sqft
$331 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34235, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,528 (100%) |
| Owner Occupied HU | 5,314 (62.3%) |
| Renter Occupied HU | 1,905 (22.3%) |
| Vacant Housing Units | 1,309 (15.3%) |
| Median Home Value | $431,923 |
| Average Home Value | $497,906 |
Housing Distribution
Address Breakdown
Residential
8,109
Single Family
6,639
Multi-Family
1,470
Businesses
116
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
10.71 Acres lot
$N/A/sqft
$331 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34235, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,528 (100%) |
| Owner Occupied HU | 5,314 (62.3%) |
| Renter Occupied HU | 1,905 (22.3%) |
| Vacant Housing Units | 1,309 (15.3%) |
| Median Home Value | $431,923 |
| Average Home Value | $497,906 |
Housing Distribution
Address Breakdown
Residential
8,109
Single Family
6,639
Multi-Family
1,470
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miranda Oswald • KELLER WILLIAMS ON THE WATER
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4648914
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