8579 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 8579 Big Dipper Dr, Sarasota, FL, 34241 priced at $693,779 converts $5,040/mo rent into $216/mo cash flow after a $3,396/mo obligation. Total monthly income equals $5,040/mo, and annual cash flow totals $2,588/yr on $228,253 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 8.72% against a $693,779 entry. Equity gained on principal adds $4,477/yr, while 5% annual appreciation compiles into $191,678 by year five. Five-year ROI reaches 110.71% and total cumulative return in cash sums $252,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,040/mo property income covering a $3,396/mo payment, not borrower’s personal income.
Single Family
Built in 2025
8,264 sqft lot
$N/A/sqft
$220 monthly 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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Listed by: Michelle Campbell • TAYLOR MORRISON RLTY OF FLA
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4650580
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