859 Patterson DrSarasotaFL34234
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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 859 Patterson Dr, Sarasota, FL, 34234 uses $221,746 cash to close to unlock $27,815/yr annual cash flow and $2,318/mo monthly cash flow. Total monthly income runs $6,970/mo, and a $3,299/mo payment keeps the spread at $2,318/mo. Purchase price stands at $674,000, and rental yield measures 12.41% with $6,970/mo rent. Return on cash invested shows 32.6% in year one, and 5% annual appreciation builds toward $186,214 over five years. Five-year ROI reaches 171.82% and total cumulative return in cash records $381,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,970/mo property income covering a $3,299/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34234, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,237 (100%) |
| Owner Occupied HU | 5,092 (49.7%) |
| Renter Occupied HU | 3,738 (36.5%) |
| Vacant Housing Units | 1,407 (13.7%) |
| Median Home Value | $261,205 |
| Average Home Value | $383,870 |
Housing Distribution
Address Breakdown
Residential
9,522
Single Family
8,820
Multi-Family
702
Businesses
776
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