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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 6157 Midnight Pass Rd APT B42, Sarasota, FL, 34242 generates $3,234/mo in rent, after a $2,631/mo payment. Total monthly income is $3,234/mo. Return on cash invested sits at 12.15% in year one, and rental yield is 7.22% on a $537,500 entry. Equity gained on principal adds $3,468/yr, while 5% annual appreciation builds toward $148,501 over five years. Five-year ROI reaches 63.82% and total cumulative return in cash sums $112,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,234/mo property income rather than buyer’s personal income.
Condo
Built in 1974
4.26 Acres lot
$N/A/sqft
$833 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $537,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Julia Montei • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4649539
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
