







No similar rental properties found nearby.
No similar price properties found nearby.

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 711 Beach Rd APT 208, Sarasota, FL, 34242 offers a 12.03% rental yield on a $497,310 purchase with $4,985/mo rent. Total monthly income registers $4,985/mo, and a $2,434/mo payment leaves $870/mo available for distribution. Annual cash flow reaches $10,441/yr on $164,858 to close, and return on cash invested stands at 26.24% in year one. Equity gained on principal adds $3,209/yr while 5% annual appreciation supports $137,398 over five years. Portfolio math shows five-year ROI at 139.55% and total cumulative return in cash at $230,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,985/mo property income against a $2,434/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
$809 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 |
|---|---|---|
| 2024-11-27 | Listed for sale | $497,310 |
| 2024-08-30 | Listing removed | $499,900 |
| 2024-08-02 | Price change | $519,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-23 | N/A | N/A | $351,384 | 10.00% |
| 2023-12-23 | $4493.85 | 6.54% | $319,440 | 10.00% |
| 2022-12-23 | $4218.05 | 17.94% | $290,400 | 10.00% |
No similar rental properties found nearby.
No similar price properties found nearby.



Listed by: Yvonne Blackburn • SUNSET REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4630236
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