5780 Midnight Pass Rd APT 303, Sarasota, FL, 34242 | $1,947/mo Cash Flow

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5780 Midnight Pass Rd APT 303, Sarasota, FL, 34242 | $1,947/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sarasota at 5780 Midnight Pass Rd APT 303, Sarasota, FL, 34242 offers a 10.59% rental yield on a $889,000 purchase with $7,846/mo rent. Total monthly income registers $7,846/mo, and a $4,351/mo payment leaves $1,947/mo available for distribution. Annual cash flow reaches $23,360/yr on $292,481 to close, and return on cash invested stands at 28.05% in year one. Equity gained on principal adds $5,737/yr while 5% annual appreciation supports $245,614 over five years. Portfolio math shows five-year ROI at 147.04% and total cumulative return in cash at $430,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,846/mo property income against a $4,351/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1979

3.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy the best of Siesta Key living in this bright and airy 2-bedroom, 2-bath condo located within the gated Gulf & Bay Club community. Surrounded by tropical landscaping and peaceful water views, this home offers the perfect mix of comfort and resort-style living just steps from the sand. The spacious floor plan features a welcoming living area that flows into a dedicated dining space and an extended sunroom lined with large windows. Flooded with natural light, this flexible area is ideal for reading, relaxing, or taking in the view of swaying palms and the shimmering Gulf beyond. Gulf & Bay Club spans 32 acres of beautifully maintained beachfront grounds with top-tier amenities including three heated swimming pools, tennis and pickleball courts, saunas, a modern fitness center, EV charging stations, and a clubhouse designed for social gatherings and events. The community also provides private access to Siesta Keys iconic white-sand beach, recognized among the finest in the country. An elevator offers easy access, and the free island trolley is just outside, ready to take you to the shops, restaurants, and live music of Siesta Village. Whether youre searching for a year-round residence or a seasonal escape, this home captures the essence of coastal comfort and island living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,363 (100%)
Owner Occupied HU	3,517 (33.9%)
Renter Occupied HU	398 ( 3.8%)
Vacant Housing Units	6,448 (62.2%)
Median Home Value	$995,518
Average Home Value	$1,226,830