6265 Midnight Pass Rd APT 205SarasotaFL34242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6265 Midnight Pass Rd APT 205, Sarasota, FL, 34242 earns $1,561/mo cash flow from $7,476/mo rent with a $3,475/mo payment. Total monthly income totals $7,476/mo, and annual cash flow totals $18,731/yr on $233,590 capital. ROI tracks 28.08% on current figures, and rental yield reads 12.64% at a $710,000 purchase. Equity gained on principal adds $4,582/yr, and 5% annual appreciation supports $196,160 over five years. Five-year ROI reaches 149.45% and total cumulative return in cash sums $349,091. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,476/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$1,152 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,895
Single Family
3,560
Multi-Family
3,335
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Wittmer • THE SUNSHINE STATE COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4655982
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