924 La Costa Cir UNIT 8SarasotaFL34237
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 924 La Costa Cir UNIT 8, Sarasota, FL, 34237 listed at $184,000 pairs $2,279/mo rent with a $901/mo payment to leave $1,058/mo cash flow. Total monthly income runs $2,279/mo, and annual cash flow reaches $12,690/yr on $60,996 cash to close. Return on cash invested measures 40.71% in year one, and rental yield registers 14.86% at a $184,000 basis. Equity gained on principal adds $1,187/yr, and annual property appreciation at 5% supports $50,836 by year five. Five-year ROI tracks 215.03% and total cumulative return in cash totals $131,161. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,279/mo property income relative to a $901/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
9.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34237, Sarasota, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,701
Single Family
5,845
Multi-Family
1,856
Businesses
845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices