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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 6310 Midnight Pass Rd APT 405N, Sarasota, FL, 34242 uses $227,010 cash to close to unlock $38,259/yr annual cash flow and $3,188/mo monthly cash flow. Total monthly income runs $8,772/mo, and a $3,377/mo payment keeps the spread at $3,188/mo. Purchase price stands at $690,000, and rental yield measures 15.26% with $8,772/mo rent. Return on cash invested shows 36.91% in year one, and 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 196.53% and total cumulative return in cash records $446,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,772/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Condo
Built in 1968
4.06 Acres lot
$N/A/sqft
$1,005 monthly 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 |
|---|---|---|
| 2025-08-14 | Sold | $690,000 |
| 2025-07-28 | Pending sale | $715,000 |
| 2025-07-14 | Listed for sale | $715,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $5816.88 | 9.29% | $427,225 | 10.00% |
| 2023-10-17 | $5322.38 | -4.61% | $388,386 | 10.00% |
| 2022-10-17 | $5579.71 | 23.12% | $353,078 | 10.00% |
Listed by: Halie Monde • KELLER WILLIAMS ON THE WATER S
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4657246
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
