606 Cohen Way, Sarasota, FL, 34236 | $1,051/mo Cash Flow

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606 Cohen Way, Sarasota, FL, 34236 | $1,051/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 606 Cohen Way, Sarasota, FL, 34236 with 5% annual appreciation on a $365,000 basis while $3,473/mo rent supports operations. Total monthly income totals $3,473/mo and a $1,786/mo payment preserves $1,051/mo for cash returns. Annual cash flow comes to $12,615/yr on $120,998 deployed, and return on cash invested reaches 30.34% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 11.42%. Five-year ROI measures 159.36% and total cumulative return in cash totals $192,823.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,473/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1971

1.60 Acres lot

$N/A/sqft

No HOA

More details about the property

One or more photo(s) has been virtually staged. Renovated Rosemary District Condo with Designer Furnishings & Low Fees. Live steps from Sarasotas best dining, shopping, and cultural hotspots in this fully renovated 2-bedroom, 2-bath condo in the sought after Rosemary District. Perfect for a young professional who wants to be close to it all or a snowbird looking for a lock-and-leave retreat, this home is move-in ready and even offered with a designer furniture package for the turnkey buyer. The first floor features a comfortable living and dining area with porcelain tile flooring, a luxury entertainment system in the living room, a modern kitchen with granite countertops, GE appliances, custom cabinets, under-cabinet lighting, and updated fixtures. Upstairs, vinyl plank flooring runs throughout, leading to a primary suite with a custom built-in closet dresser and entertainment console that maximize storage while adding a touch of modern design rarely found in downtown condos. The ensuite bath impresses with porcelain tile and a marble shower, while the guest bedroom is conveniently located near an updated hall bath. Fresh coat of paint and a brand-new 2025 water heater. Renovations completed in 2021 include: updated plumbing and electrical, new AC system, front windows and door, plantation shutters, barn door accents, can lighting, vanities, toilets, showers, exhaust fans, fixtures and blinds. This charming community of just 36 townhome-style condos places you within steps of cafs, fitness centers, theaters, dance studios, and Sarasotas cultural hub. From here, its an easy walk to the Farmers Market, Whole Foods, Mandeville Beer Garden, art galleries, and restaurants or bike over the Ringling Bridge to St. Armands Circle and the beaches of Lido Key. With low monthly fees of just $460, this property is a rare opportunity to own in one of Sarasotas most desirable downtown neighborhoods.