8351 38th Street Cir E UNIT 302SarasotaFL34243
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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 8351 38th Street Cir E UNIT 302, Sarasota, FL, 34243 listed at $330,000 pairs $3,043/mo rent with a $1,615/mo payment to leave $373/mo cash flow. Total monthly income runs $3,043/mo, and annual cash flow reaches $4,475/yr on $109,395 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 11.07% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 127.28% and total cumulative return in cash totals $139,235. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,043/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
18.46 Acres lot
$N/A/sqft
$422 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: Christian Higgins • ANDRE LECLAIR PROPERTIES LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4644330
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