6267 Midnight Pass Rd APT 306SarasotaFL34242
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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
Total monthly income runs $3,530/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 6.06% with $3,530/mo rent. Return on cash invested shows 14.28% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 73.2% and total cumulative return in cash records $168,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,530/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Condo
Built in 1980
1.20 Acres lot
$N/A/sqft
No 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
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