5623 N Honore Ave #311SarasotaFL34243
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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 5623 N Honore Ave #311, Sarasota, FL, 34243 listed at $472,000 pairs $3,416/mo rent with a $2,310/mo payment. Total monthly income runs $3,416/mo. Return on cash invested measures 17.92% in year one, and rental yield registers 8.68% at a $472,000 basis. Equity gained on principal adds $3,046/yr, and annual property appreciation at 5% supports $130,405 by year five. Five-year ROI tracks 94.27% and total cumulative return in cash totals $147,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,416/mo property income relative to a $2,310/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
$490 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34243, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 10,767 (61.4%) |
| Renter Occupied HU | 4,395 (25.1%) |
| Vacant Housing Units | 2,370 (13.5%) |
| Median Home Value | $453,505 |
| Average Home Value | $504,833 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
12,522
Multi-Family
3,276
Businesses
1,656
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