7724 Palm Aire LnSarasotaFL34243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7724 Palm Aire Ln, Sarasota, FL, 34243 priced at $434,900 converts $2,735/mo rent into after a $2,129/mo obligation. Total monthly income equals $2,735/mo. Return on cash invested prints 12.56% in year one, and rental yield reads 7.55% against a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation compiles into $120,155 by year five. Five-year ROI reaches 66.21% and total cumulative return in cash sums $95,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,735/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
$732 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Campbell • ALLEGIANT REAL ESTATE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4649627
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