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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% |
Rental property for sale in Sarasota at 5855 Midnight Pass Rd APT 520, Sarasota, FL, 34242 generates $5,894/mo in rent and, after a $3,671/mo payment, leaves $256/mo in cash flow. Total monthly income is $5,894/mo, and annual cash flow is $3,069/yr on $246,750 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 9.43% on a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $276,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,894/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$661 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 |
|---|---|---|
| 2025-01-29 | Listed for sale | $750,000 |
| 2021-01-22 | Sold | $425,000 |
| 2020-12-31 | Pending sale | $440,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $461,600 | -0.12% |
| 2023-02-14 | $5381.14 | 2.66% | $462,161 | 3.00% |
| 2022-02-14 | $5241.90 | 17.36% | $448,700 | 34.02% |
Listed by: Shana Hamel, PLLC • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4637523
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
