








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 6512 Midnight Pass Rd APT 204, Sarasota, FL, 34242 projects strong ROI of 2.39%. Rental yield 3.68%. With 5% annual appreciation, the property builds $552,563 in value over five years. Equity growth combined delivers a projected five-year ROI of 11.14%, translating into $72,187 in total cumulative return on $648,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$2,345 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 |
|---|---|---|
| 2025-09-29 | Listed for sale | $2,000,000 |
| 2021-05-11 | Listing removed | N/A |
| 2021-03-19 | Sold | $1,510,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $20481.00 | 1.23% | $1,726,200 | 1.98% |
| 2023-10-28 | $20232.29 | 9.28% | $1,692,680 | 10.00% |
| 2022-10-28 | $18514.88 | 42.90% | $1,538,800 | 50.29% |



Listed by: Rudy Dudon • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4666475
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