948 N Beneva Rd #V-25SarasotaFL34232
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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
Investment property for sale in Sarasota at 948 N Beneva Rd #V-25, Sarasota, FL, 34232 uses $66,267 cash to close to unlock $3,178/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,591/mo, and a $978/mo payment keeps the spread at $265/mo. Purchase price stands at $199,900, and rental yield measures 9.55% with $1,591/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 129.15% and total cumulative return in cash records $85,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,591/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,983
Single Family
13,050
Multi-Family
2,933
Businesses
1,194
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