850 S Tamiami Trl APT 822, Sarasota, FL, 34236 | $116/mo Cash Flow

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850 S Tamiami Trl APT 822, Sarasota, FL, 34236 | $116/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sarasota at 850 S Tamiami Trl APT 822, Sarasota, FL, 34236 earns $116/mo cash flow from $2,338/mo rent with a $1,639/mo payment. Total monthly income totals $2,338/mo, and annual cash flow totals $1,389/yr on $111,019 capital. ROI tracks 21.16% on current figures, and rental yield reads 8.38% at a $334,900 purchase. Equity gained on principal adds $2,161/yr, and 5% annual appreciation supports $92,527 over five years. Five-year ROI reaches 110.14% and total cumulative return in cash sums $122,281. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,338/mo property income instead of your personal income.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

EXCELLENT LOCATION! Light and bright 2 bedroom condo on two levels. Waterfront community, located just a few blocks to the Sarasota Bayfront, Selby Gardens, Sarasota Memorial Hospital and downtown Sarasota. Enjoy restaurants, entertainment and shopping. Across the street is the current Sarasota High School, historic High School Art Museum and Publix, just over the Ringling Bridge is Lido Key Beach and St. Armands Circle. This gorgeous 2 bedroom and 2 and a half bath FULLY FURNISHED condo offers a large great room, an upgraded kitchen, full size washer and dryer, two large bedrooms with en-suites attached and a screened lanai off the great room and a second one accessed from the bedrooms. You can walk out to a dock each morning, sip coffee and watch the manatees swim by. Enjoy a kayak launch, a place to fish, a heated pool, hot tub, tennis/pickleball and a clubhouse with a fitness center, showers, kitchen and library. The grounds have a suburban resort atmosphere. All this within steps of downtown and the bayfront--and a bike-ride to the beautiful Gulf Beaches. Sarasota County's Legacy Trail has now been extended two blocks from Central Park II. So much to enjoy, call today!