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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 5880 Midnight Pass Rd APT 207, Sarasota, FL, 34242 earns from $4,934/mo rent with a $7,586/mo payment. Total monthly income totals $4,934/mo. ROI tracks 7.58% on current figures, and rental yield reads 3.82% at a $1,550,000 purchase. Equity gained on principal adds $10,002/yr, and 5% annual appreciation supports $428,236 over five years. Five-year ROI reaches 37.24% and total cumulative return in cash sums $187,033. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,934/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Maureen Morris • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Mls Name: Stellar MLS
Mls ID: #A4653410
