Renoir Plan, Artistry SarasotaSarasotaFL34240
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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 Renoir Plan, Artistry Sarasota, Sarasota, FL, 34240 uses $227,665 cash to close to unlock $4,497/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $5,352/mo, and a $3,387/mo payment keeps the spread at $375/mo. Purchase price stands at $691,990, and rental yield measures 9.28% with $5,352/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $191,184 over five years. Five-year ROI reaches 115.54% and total cumulative return in cash records $263,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,352/mo property income covering a $3,387/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$385 monthly 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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