8566 Big Dipper DrSarasotaFL34241
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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
Rental property for sale in Sarasota at 8566 Big Dipper Dr, Sarasota, FL, 34241 generates $5,040/mo in rent and, after a $3,240/mo payment, leaves $647/mo in cash flow. Total monthly income is $5,040/mo, and annual cash flow is $7,767/yr on $217,754 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 9.14% on a $661,866 entry. Equity gained on principal adds $4,271/yr, while 5% annual appreciation builds toward $182,861 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $268,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,040/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34241, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,262 (100%) |
| Owner Occupied HU | 6,828 (82.6%) |
| Renter Occupied HU | 588 ( 7.1%) |
| Vacant Housing Units | 846 (10.2%) |
| Median Home Value | $584,207 |
| Average Home Value | $629,547 |
Housing Distribution
Address Breakdown
Residential
7,560
Single Family
7,538
Multi-Family
22
Businesses
93
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