








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Sarasota at 6285 Midnight Pass Rd APT 406, Sarasota, FL, 34242 offers a 5.48% rental yield on a $848,900 purchase with $3,877/mo rent. 51% in year one. Equity gained on principal adds $5,478/yr while 5% annual appreciation supports $234,535 over five years. Portfolio math shows five-year ROI at 63.74% and total cumulative return in cash at $178,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,877/mo property income against a $4,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Stacy Liljeberg • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4670228