8389 Wingate Dr UNIT 2322SarasotaFL34238
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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 8389 Wingate Dr UNIT 2322, Sarasota, FL, 34238 earns $149/mo cash flow from $3,191/mo rent with a $1,858/mo payment. Total monthly income totals $3,191/mo, and annual cash flow totals $1,789/yr on $125,871 capital. ROI tracks 21.33% on current figures, and rental yield reads 10.08% at a $379,700 purchase. Equity gained on principal adds $2,450/yr, and 5% annual appreciation supports $104,904 over five years. Five-year ROI reaches 112.89% and total cumulative return in cash sums $142,094. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,191/mo property income instead of your personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$502 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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Listed by: Brian McGreevy • SARASOTA HOME REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4608947
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