7729 Red Cedar LnSarasotaFL34241
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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 7729 Red Cedar Ln, Sarasota, FL, 34241 generates $6,584/mo in rent, after a $9,740/mo payment. Total monthly income is $6,584/mo. Return on cash invested sits at 8.05% in year one, and rental yield is 3.97% on a $1,990,000 entry. Equity gained on principal adds $12,841/yr, while 5% annual appreciation builds toward $549,800 over five years. Five-year ROI reaches 39.73% and total cumulative return in cash sums $256,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,584/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34241, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,262 (100%) |
| Owner Occupied HU | 6,828 (82.6%) |
| Renter Occupied HU | 588 ( 7.1%) |
| Vacant Housing Units | 846 (10.2%) |
| Median Home Value | $584,207 |
| Average Home Value | $629,547 |
Housing Distribution
Address Breakdown
Residential
7,560
Single Family
7,538
Multi-Family
22
Businesses
93
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