946 N Beneva Rd #V-26, Sarasota, FL, 34232 | $126/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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946 N Beneva Rd #V-26, Sarasota, FL, 34232 | $126/mo Cash Flow | 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

Rental property for sale in Sarasota at 946 N Beneva Rd #V-26, Sarasota, FL, 34232 generates $1,785/mo in rent and, after a $1,224/mo payment, leaves $126/mo in cash flow. Total monthly income is $1,785/mo, and annual cash flow is $1,507/yr on $82,875 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.57% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.18% and total cumulative return in cash sums $93,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,785/mo property income rather than buyer’s personal income.

Condo

Built in 1983

5.09 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Glen. Discover this quaint retreat in Sarasota. Positioned for quick access to downtown Sarasota. This two-bedroom, two-bath residence blends contemporary interior design with modern comfort. Go inside to a surprisingly open floor plan featuring a beautifully updated kitchen in 2022 equipped with premium appliances, and designer accents. The kitchen flows seamlessly into the spacious dining and living area, which opens onto a private lanai, an ideal spot to relax. The primary suite is a sanctuary, complete with a large walk-in closet and an en-suite bath boasting dual vanities, and tub/shower also updated in 2022. The additional bedroom offers space and style, ideal for families or guests. The attic bonus space is amazing with standing walk-around room and great for tons of storage. Air conditioning is new in 2022. Whether you seek a primary residence or a vacation getaway, this exceptional property delivers. Residents enjoy access to private community swimming pool and a blend of contemporary comfort and effortless Sarasota living in The Glen. Directly across from shopping, dining and banking. It is near the Bobby Jones Golf Club, a public facility offering a newly renovated 18-hole championship course, new Gillespie 9-hole adjustable par 3 course, and state-of-the-art practice facility. In addition, this is an easy drive to Interstate 75 and a short distance from the beaches, downtown Sarasota and St. Armands Circle, where you will find a myriad of cultural events. Come and enjoy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34232, Sarasota, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,470 (100%)
Owner Occupied HU	10,966 (62.8%)
Renter Occupied HU	4,601 (26.3%)
Vacant Housing Units	1,903 (10.9%)
Median Home Value	$419,430
Average Home Value	$505,893