8864 Milestone DrSarasotaFL34238
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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 8864 Milestone Dr, Sarasota, FL, 34238 priced at $404,880 converts $3,960/mo rent into $921/mo cash flow after a $1,982/mo obligation. Total monthly income equals $3,960/mo, and annual cash flow totals $11,049/yr on $134,218 invested. Return on cash invested prints 28.14% in year one, and rental yield reads 11.74% against a $404,880 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,861 by year five. Five-year ROI reaches 148.72% and total cumulative return in cash sums $199,608. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Townhouse
Built in 2022
1,882 sqft lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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Listed by: Wojciech Suchanek • EXPERTIA REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4649723
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