7212 Southgate CtSarasotaFL34243
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sarasota at 7212 Southgate Ct, Sarasota, FL, 34243 priced at $599,500 converts $5,734/mo rent into $1,482/mo cash flow after a $2,934/mo obligation. Total monthly income equals $5,734/mo, and annual cash flow totals $17,778/yr on $197,236 invested. Return on cash invested prints 29.07% in year one, and rental yield reads 11.48% against a $599,500 entry. Equity gained on principal adds $3,868/yr, while 5% annual appreciation compiles into $165,631 by year five. Five-year ROI reaches 153.15% and total cumulative return in cash sums $302,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,734/mo property income covering a $2,934/mo payment, not borrower’s personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
$73 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34243, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,532 (100%) |
| Owner Occupied HU | 10,767 (61.4%) |
| Renter Occupied HU | 4,395 (25.1%) |
| Vacant Housing Units | 2,370 (13.5%) |
| Median Home Value | $453,505 |
| Average Home Value | $504,833 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
12,522
Multi-Family
3,276
Businesses
1,656
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Listed by: Lori Campbell • ALLEGIANT REAL ESTATE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4638691
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