8773 Midnight Pass Rd APT 204G, Sarasota, FL, 34242 | 6.64% Rental Yield

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Price: $300K - 500K

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8773 Midnight Pass Rd APT 204G, Sarasota, FL, 34242 | 6.64% Rental Yield | 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

Total monthly income runs $3,403/mo, and a $3,010/mo payment. Purchase price stands at $615,000, and rental yield measures 6.64% with $3,403/mo rent. Return on cash invested shows 16.04% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 82.64% and total cumulative return in cash records $167,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,403/mo property income covering a $3,010/mo payment rather than investor’s personal income.

Condo

Built in 1981

N/A lot

$N/A/sqft

No HOA

More details about the property

Have It All in This Beautifully Remodeled & Fully Furnished "Beach House" style Condo! Welcome to one of Siesta Keys most desirable pet-friendly communities, perfectly positioned Gulf-to-Bay with quiet, deeded beach access just steps away. This impeccably updated residence offers a smart split floor plan that provides ideal privacy between the main bedroom suite and the guest room. Enjoy morning coffee or evening cocktails on the gorgeous, enclosed lanai, overlooking lush tropical gardens and the sparkling community pool. The well-appointed kitchen features room for a cozy breakfast table and has been completely renewed with high-quality finishes. No detail has been Overlooked: Impact windows, New electric and plumbing, All-new kitchen, Beautifully renovated bathrooms, New flooring throughout, Tasteful, neutral furnishingsmove-in ready with no contractor visits needed! Step outside and live the resort lifestyle with multiple pools, boat docks (lifts permitted), tennis and pickleball courts, a fitness center, and grilling areas. After a day at the beach or pool, cast a line from the dockfish are plentiful! The Siesta Key trolley stops right at your door, offering easy access to shopping, dining, and all the islands best attractions. First time on the market and truly a must-seethis property checks every box. Let the beach life begin!

Neighborhood Data

Neighborhood data shown for ZIP Code: 34242, Sarasota, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,363 (100%)
Owner Occupied HU	3,517 (33.9%)
Renter Occupied HU	398 ( 3.8%)
Vacant Housing Units	6,448 (62.2%)
Median Home Value	$995,518
Average Home Value	$1,226,830