Glen Plan, The Gardens at Bay StreetSarasotaFL34238
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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 Glen Plan, The Gardens at Bay Street, Sarasota, FL, 34238 priced at $389,990 pairs $3,149/mo rent with $561/mo cash flow after a $1,909/mo payment. Total monthly income equals $3,149/mo, and annual cash flow comes to $6,729/yr on $129,282 invested. Return on cash invested is 25.11% in year one, and rental yield stands at 9.69% on a $389,990 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,747 by year five. Five-year ROI measures 131.34% and total cumulative return in cash reaches $169,793. For financing, Ziffy Mortgage’s DSCR program evaluates $3,149/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34238, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,858 (100%) |
| Owner Occupied HU | 9,980 (62.9%) |
| Renter Occupied HU | 2,792 (17.6%) |
| Vacant Housing Units | 3,086 (19.5%) |
| Median Home Value | $612,148 |
| Average Home Value | $672,108 |
Housing Distribution
Address Breakdown
Residential
14,678
Single Family
9,604
Multi-Family
5,074
Businesses
373
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