757 Beach Rd APT 310SarasotaFL34242
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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
Investment property for sale in Sarasota at 757 Beach Rd APT 310, Sarasota, FL, 34242 uses $327,355 cash to close to unlock $312/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $6,629/mo, and a $4,870/mo payment keeps the spread at $26/mo. Purchase price stands at $995,000, and rental yield measures 7.99% with $6,629/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash records $342,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,629/mo property income covering a $4,870/mo payment rather than investor’s personal income.
Condo
Built in 1970
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,895
Single Family
3,560
Multi-Family
3,335
Businesses
232
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