4640 Tower Hill Ln UNIT 2322SarasotaFL34238
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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 4640 Tower Hill Ln UNIT 2322, Sarasota, FL, 34238 earns from $1,929/mo rent with a $1,415/mo payment. Total monthly income totals $1,929/mo. ROI tracks 11.03% on current figures, and rental yield reads 8.01% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 59.14% and total cumulative return in cash sums $56,654. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,929/mo property income instead of your personal income.
Condo
Built in 1996
4.02 Acres lot
$N/A/sqft
$707 monthly 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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Listed by: Vicki Reilly • BERKSHIRE HATHAWAY HOMESERVICE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4601032
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511