Carlotta 2 Plan, The Alcove at WatersideSarasotaFL34240
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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
Rental property for sale in Sarasota at Carlotta 2 Plan, The Alcove at Waterside, Sarasota, FL, 34240 priced at $792,990 converts $5,225/mo rent into after a $3,881/mo obligation. Total monthly income equals $5,225/mo. Return on cash invested prints 19.89% in year one, and rental yield reads 7.91% against a $792,990 entry. Equity gained on principal adds $5,117/yr, while 5% annual appreciation compiles into $219,089 by year five. Five-year ROI reaches 103.29% and total cumulative return in cash sums $269,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,225/mo property income covering a $3,881/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34240, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,318 (100%) |
| Owner Occupied HU | 6,981 (56.7%) |
| Renter Occupied HU | 2,400 (19.5%) |
| Vacant Housing Units | 2,937 (23.8%) |
| Median Home Value | $758,190 |
| Average Home Value | $813,548 |
Housing Distribution
Address Breakdown
Residential
8,863
Single Family
6,961
Multi-Family
1,902
Businesses
1,239
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