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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 6713 Midnight Pass Rd APT 4, Sarasota, FL, 34242 generates $2,377/mo in rent and, after a $1,689/mo payment, leaves $87/mo in cash flow. Total monthly income is $2,377/mo, and annual cash flow is $1,045/yr on $114,368 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 8.27% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 108.36% and total cumulative return in cash sums $123,928. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,377/mo property income rather than buyer’s personal income.
Condo
Built in 1974
0.53 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 | ||||
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Toni Lyon • PREFERRED SHORE LLC
Mls Name: Stellar MLS
Mls ID: #A4651929
