5146 Northridge Rd UNIT 310SarasotaFL34238
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
Investment Highlights
Investment property for sale in Sarasota at 5146 Northridge Rd UNIT 310, Sarasota, FL, 34238 earns $319/mo cash flow from $1,804/mo rent with a $722/mo payment. Total monthly income totals $1,804/mo, and annual cash flow totals $3,822/yr on $48,896 capital. ROI tracks 27.73% on current figures, and rental yield reads 14.68% at a $147,500 purchase. Equity gained on principal adds $952/yr, and 5% annual appreciation supports $40,752 over five years. Five-year ROI reaches 149.88% and total cumulative return in cash sums $73,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,804/mo property income instead of your personal income.
Condo
Built in 1999
30.95 Acres lot
$N/A/sqft
$439 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia Brock • GULF SANDS REALTY, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4655278
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