8995 Milestone DrSarasotaFL34238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8995 Milestone Dr, Sarasota, FL, 34238 offers a 9.11% rental yield on a $395,000 purchase with $2,999/mo rent. Total monthly income registers $2,999/mo, and a $1,933/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,033/yr on $130,943 to close, and return on cash invested stands at 20.7% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 108.66% and total cumulative return in cash at $142,278. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,999/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2021
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi Ann Rottmann • EXP Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1049225
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.