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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sarasota at 5122 Northridge Rd UNIT 207, Sarasota, FL, 34238 offers a 8.13% rental yield on a $249,000 purchase with $1,687/mo rent. 38% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 65.94% and total cumulative return in cash at $54,428. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,687/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
$494 monthly HOA
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
| 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 |
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
Date | Event | Price |
|---|---|---|
| 2025-02-01 | Price change | $249,000 |
| 2024-12-03 | Price change | $254,000 |
| 2024-10-25 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $190,599 | 10.00% |
| 2023-02-14 | $2917.55 | 13.09% | $173,272 | 10.00% |
| 2022-02-14 | $2579.88 | 19.70% | $157,520 | 10.00% |
Listed by: Lee Brewer • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4626667
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
