6140 Midnight Pass Rd APT A10, Sarasota, FL, 34242 | $194/mo Cash Flow

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6140 Midnight Pass Rd APT A10, Sarasota, FL, 34242 | $194/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Nearby investment properties with comparable rents

2 Bed
2 Bath
1100 sft

6140 Midnight Pass Rd, Sarasota, FL, 34242

Nearby investment properties with comparable prices

2 Bed
2 Bath
1100 sft

6140 Midnight Pass Rd, Sarasota, FL, 34242

1 Bed
1 Bath
1000 sft

6140 Midnight Pass Rd APT 902, Sarasota, FL, 34242

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 6140 Midnight Pass Rd APT A10, Sarasota, FL, 34242 listed at $874,900 pairs $6,000/mo rent with a $4,282/mo payment to leave $194/mo cash flow. Total monthly income runs $6,000/mo, and annual cash flow reaches $2,331/yr on $287,842 cash to close. Return on cash invested measures 20.87% in year one, and rental yield registers 8.23% at a $874,900 basis. Equity gained on principal adds $5,646/yr, and annual property appreciation at 5% supports $241,719 by year five. Five-year ROI tracks 108.56% and total cumulative return in cash totals $312,471. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,000/mo property income relative to a $4,282/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Are you looking for new? Welcome to your fully renovated, turnkey Siesta Key villa where everything is brand new from top to bottom! Located on the Gulf side with direct beach access, this stunning two-bedroom, two-bath coastal retreat has been beautifully transformed into a modern beachside haven. Every detail has been redone with quality and style new kitchen, furnishings and dcor ready for you to move right in and start living your best island life. Situated within the sought-after Horizons West community, this villa offers the ideal blend of comfort and convenience. Enjoy two community pools (one right on the sand and one steps from your door), along with beach access. Whether youre seeking a personal getaway or a high-performing investment property, this villa checks every box and its already part of a successful rental program with flexible leasing options and an on-site manager. Experience the ultimate Siesta Key lifestyle close to Siesta Key Village, where youll find vibrant restaurants, boutique shops, and nightly entertainment. Or head just minutes away to Downtown Sarasota for arts, dining, and culture. Own your piece of paradise today new, beautiful, and steps to the #1 beach in the world!

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