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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% |
Rental property for sale in Sarasota at 6512 Midnight Pass Rd APT 206, Sarasota, FL, 34242 generates $5,185/mo in rent, after a $8,321/mo payment. Total monthly income is $5,185/mo. Return on cash invested sits at 1.97% in year one, and rental yield is 3.66% on a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 8.98% and total cumulative return in cash sums $49,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,185/mo property income rather than buyer’s personal income.
Condo
Built in 2006
1.71 Acres 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 |
|---|---|---|
| 2025-02-13 | Listed for sale | $1,700,000 |
| 2024-07-11 | Listing removed | $1,890,000 |
| 2024-04-01 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | N/A | N/A | $1,328,700 | 5.37% |
| 2023-02-14 | $15204.93 | 9.47% | $1,261,040 | 10.00% |
| 2022-02-14 | $13889.13 | 43.78% | $1,146,400 | 51.64% |
No similar price properties found nearby.
Listed by: Lisa Gullick • PREMIER SOTHEBYS INTL REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4640499
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
