6173 Lungo Lago DrSarasotaFL34241
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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
Investment Highlights
Investment property for sale in Sarasota at 6173 Lungo Lago Dr, Sarasota, FL, 34241 earns from $5,040/mo rent with a $6,167/mo payment. Total monthly income totals $5,040/mo. ROI tracks 10.61% on current figures, and rental yield reads 4.8% at a $1,260,000 purchase. Equity gained on principal adds $8,131/yr, and 5% annual appreciation supports $348,115 over five years. Five-year ROI reaches 53.46% and total cumulative return in cash sums $218,253. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,040/mo property income instead of your personal income.
Single Family
Built in 2023
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34241, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,262 (100%) |
| Owner Occupied HU | 6,828 (82.6%) |
| Renter Occupied HU | 588 ( 7.1%) |
| Vacant Housing Units | 846 (10.2%) |
| Median Home Value | $584,207 |
| Average Home Value | $629,547 |
Housing Distribution
Address Breakdown
Residential
7,560
Single Family
7,538
Multi-Family
22
Businesses
93
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