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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 6703 Midnight Pass Rd APT 206, Sarasota, FL, 34242 earns from $1,856/mo rent with a $1,850/mo payment. Total monthly income totals $1,856/mo. ROI tracks 5.1% on current figures, and rental yield reads 5.89% at a $378,000 purchase. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 over five years. Five-year ROI reaches 27.13% and total cumulative return in cash sums $33,993. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,856/mo property income instead of your personal income.
Condo
Built in 1974
1.52 Acres lot
$N/A/sqft
$894 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $378,000 |
| 2020-06-19 | Sold | $244,000 |
| 2020-05-11 | Pending sale | $249,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $2464.11 | 4.44% | $212,972 | 3.00% |
| 2023-04-08 | $2359.38 | 1.62% | $206,769 | 3.00% |
| 2022-04-08 | $2321.80 | 0.25% | $200,747 | 3.00% |
No similar rental properties found nearby.
Listed by: Brian Livesey • WATERSIDE REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4647747
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
