6300 Midnight Pass Rd APT 2, Sarasota, FL, 34242 | $366/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6300 Midnight Pass Rd APT 2, Sarasota, FL, 34242 | $366/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Sarasota at 6300 Midnight Pass Rd APT 2, Sarasota, FL, 34242 generates $6,000/mo in rent and, after a $4,155/mo payment, leaves $366/mo in cash flow. Total monthly income is $6,000/mo, and annual cash flow is $4,396/yr on $279,321 invested. Return on cash invested sits at 21.63% in year one, and rental yield is 8.48% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 112.65% and total cumulative return in cash sums $314,660. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,000/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience the ultimate Siesta Key lifestyle in this beautifully renovated two-bedroom, two-bath end-unit villa just short distance from private Gulf and beach access. Offered turnkey furnished with stylish new dcor, this 1,296-square-foot residence blends luxury and comfort with an open-concept layout, sun-drenched Florida room, and updated kitchen featuring quartz countertops, matching backsplash, soft-close cabinetry and stainless steel appliances. The spacious primary suite boasts a custom accent wall, wall-to-wall closet with designer glass doors, and a spa-inspired en-suite bath. The second bedroom is equally impressive, featuring an accent wall with slat wood acoustic panels and sliding closet doors with obscure glass inserts. Enjoy coastal living with new luxury vinyl plank flooring, blackout window shades, modern lighting, front-loading washer and dryer, attached one-car garage with epoxy floor, and guest parking. Crystal Sands is a well-maintained community with two pools, including one beachfront pooland an on-site rental management company with weekly rentals permitted June through September and two-week minimum rentals October through May. This villa also includes exterior maintenance-free living, cable, internet, water, sewer and trash provided by the condominium association. Park the car and hop on the free Siesta Key trolleyjust near your doorwith service stretching from Turtle Beach to downtown Sarasota.

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