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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 966 La Costa Cir UNIT 1, Sarasota, FL, 34237 generates $1,984/mo in rent and, after a $978/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,984/mo, and annual cash flow is $2,014/yr on $66,267 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 11.91% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash sums $81,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,984/mo property income rather than buyer’s personal income.
Condo
Built in 1972
9.07 Acres lot
$N/A/sqft
$490 monthly 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 |
|---|---|---|
| 2025-04-14 | Listed for sale | $199,900 |
| 2024-07-11 | Listing removed | $209,900 |
| 2024-01-31 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $796.19 | 8.12% | $81,499 | 3.00% |
| 2023-04-14 | $736.37 | -2.19% | $79,125 | 3.00% |
| 2022-04-14 | $752.87 | 6.40% | $76,820 | 3.00% |
Listed by: Tom Palazzo • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4640593
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
