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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sarasota at 924 La Costa Cir UNIT 4, Sarasota, FL, 34237 generates $1,525/mo in rent and, after a $930/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,525/mo, and annual cash flow is $3,169/yr on $62,985 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 9.63% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 130.49% and total cumulative return in cash sums $82,188. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,525/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,353 (100%) |
| Owner Occupied HU | 3,743 (40.0%) |
| Renter Occupied HU | 3,912 (41.8%) |
| Vacant Housing Units | 1,698 (18.2%) |
| Median Home Value | $350,668 |
| Average Home Value | $494,000 |
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Valarie Wadsworth • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4657035
