5110 Northridge Rd UNIT 203SarasotaFL34238
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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 5110 Northridge Rd UNIT 203, Sarasota, FL, 34238 earns $261/mo cash flow from $1,588/mo rent with a $979/mo payment. Total monthly income totals $1,588/mo, and annual cash flow totals $3,128/yr on $66,300 capital. ROI tracks 24.63% on current figures, and rental yield reads 9.53% at a $199,999 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 128.75% and total cumulative return in cash sums $85,364. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,588/mo property income instead of your personal income.
Condo
Built in 1999
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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