640 N Lime AveSarasotaFL34237
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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
Rental property for sale in Sarasota at 640 N Lime Ave, Sarasota, FL, 34237 priced at $200,000 converts $2,428/mo rent into $1,101/mo cash flow after a $979/mo obligation. Total monthly income equals $2,428/mo, and annual cash flow totals $13,208/yr on $66,300 invested. Return on cash invested prints 39.83% in year one, and rental yield reads 14.57% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 210.27% and total cumulative return in cash sums $139,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,428/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,432 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,353 (100%) |
| Owner Occupied HU | 3,743 (40.0%) |
| Renter Occupied HU | 3,912 (41.8%) |
| Vacant Housing Units | 1,698 (18.2%) |
| Median Home Value | $350,668 |
| Average Home Value | $494,000 |
Housing Distribution
Address Breakdown
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
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