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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 C11, Sarasota, FL, 34242 generates $5,034/mo in rent and, after a $2,570/mo payment, leaves $850/mo in cash flow. Total monthly income is $5,034/mo, and annual cash flow is $10,195/yr on $172,725 invested. Return on cash invested sits at 25.96% in year one, and rental yield is 11.51% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 137.63% and total cumulative return in cash sums $237,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,034/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$700 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 |
|---|---|---|
| 2023-12-18 | Listed for sale | $525,000 |
| 2023-09-20 | Listing removed | N/A |
| 2023-06-26 | Price change | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $306,662 | 10.00% |
| 2023-02-14 | $4060.61 | 7.07% | $278,784 | 10.00% |
| 2022-02-14 | $3792.63 | 19.54% | $253,440 | 10.00% |
Listed by: David Anthony • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4592571
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
