7853 Chick Evans PlSarasotaFL34240
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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 7853 Chick Evans Pl, Sarasota, FL, 34240 listed at $789,900 pairs $5,074/mo rent with a $3,866/mo payment. Total monthly income runs $5,074/mo. Return on cash invested measures 19.29% in year one, and rental yield registers 7.71% at a $789,900 basis. Equity gained on principal adds $5,097/yr, and annual property appreciation at 5% supports $218,235 by year five. Five-year ROI tracks 100.07% and total cumulative return in cash totals $260,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,074/mo property income relative to a $3,866/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34240, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,318 (100%) |
| Owner Occupied HU | 6,981 (56.7%) |
| Renter Occupied HU | 2,400 (19.5%) |
| Vacant Housing Units | 2,937 (23.8%) |
| Median Home Value | $758,190 |
| Average Home Value | $813,548 |
Housing Distribution
Address Breakdown
Residential
8,863
Single Family
6,961
Multi-Family
1,902
Businesses
1,239
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