850 S Tamiami Trl APT 836, Sarasota, FL, 34236 | $87/mo Cash Flow

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850 S Tamiami Trl APT 836, Sarasota, FL, 34236 | $87/mo Cash Flow | Ziffy

For Sale

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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

Rental property for sale in Sarasota at 850 S Tamiami Trl APT 836, Sarasota, FL, 34236 generates $1,713/mo in rent and, after a $1,199/mo payment, leaves $87/mo in cash flow. Total monthly income is $1,713/mo, and annual cash flow is $1,047/yr on $81,218 invested. Return on cash invested sits at 21.2% in year one, and rental yield is 8.39% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 110.39% and total cumulative return in cash sums $89,652. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,713/mo property income rather than buyer’s personal income.

Condo

Built in 1998

9.11 Acres lot

$N/A/sqft

No HOA

More details about the property

Outstanding new price! Dont miss this downtown condo with amenities that rival those of a country club! Situated along the Hudson Bayou, Central Park residents have access to a private dock for fishing, kayaking or relaxing on the water. The clubhouse offers a beautiful meeting room and fitness center adjacent to the large community pool and tennis courts. This corner condo spans the second and third floor, so there are no neighbors overhead. Beautifully remodeled, it features custom built-ins and a cozy fireplace in the Living Room; granite counters, RO water filter and SS appliances in the Kitchen; washer & dryer upstairs. The Bedroom is adorable with its walk-in closet and screened lanai. The HOA fee covers all amenities as well as water, sewer, trash, cable TV and internet, lawncare & outside maintenance. Rentals allowed immediately for a minimum of 30 days (about $3000/month seasonally, or make it your full-time residence if you enjoy the nightlife of downtown Sarasota or work in the city or at SMH.