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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 5855 Midnight Pass Rd APT 512, Sarasota, FL, 34242 offers a 10.86% rental yield on a $510,000 purchase with $4,614/mo rent. Total monthly income registers $4,614/mo, and a $2,496/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,977/yr on $167,790 to close, and return on cash invested stands at 24.81% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,904 over five years. Portfolio math shows five-year ROI at 131.17% and total cumulative return in cash at $220,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,614/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
8.71 Acres lot
$N/A/sqft
$565 monthly HOA
Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.
| 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 |
Residential
6,895
Single Family
3,560
Multi-Family
3,335
Businesses
232
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $510,000 |
| 2018-03-23 | Listing removed | $300,000 |
| 2018-03-20 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $3880.27 | 1.97% | $296,414 | 10.00% |
| 2023-04-22 | $3805.29 | 7.07% | $269,467 | 10.00% |
| 2022-04-22 | $3553.94 | 15.41% | $244,970 | 10.00% |
Listed by: Julie Kell • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4649240
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
