








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 6415 Midnight Pass Rd APT 310, Sarasota, FL, 34242 listed at $600,000 pairs $4,126/mo rent with a $2,937/mo payment to leave $144/mo cash flow. Total monthly income runs $4,126/mo, and annual cash flow reaches $1,728/yr on $197,400 cash to close. Return on cash invested measures 20.94% in year one, and rental yield registers 8.25% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 108.9% and total cumulative return in cash totals $214,968. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,126/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
5.61 Acres 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: Stephanie Paxton • KW SUNCOAST
Mls Name: Stellar MLS
Mls ID: #A4673236