6285 Midnight Pass Rd, Apt 403, Sarasota, FL 34242

Sarasota, FL 34242 · 2 bd · 2 ba · 1,306 sqft · Condo · 398 days on market

The math, in full

Asking price: $643,000
Down payment (15%): $96,450
Loan amount: $546,550
Est. monthly rent: $8,000/mo; Range $6,800 to $9,200/mo
Monthly payment, all-in: $6,403/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.25; $8,000 rent ÷ $6,403 payment
Monthly cashflow: +$1,597/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 2-bedroom homes in zip 34242, from current market comps, not a per-property guess. High confidence: plenty of comparable rentals in this zip.

Cash to start

$96,450

15% down on $643,000

Your local lender

View →

No credit pull. No obligation. A loan officer confirms real terms within one business day.

Screened against real lending criteria. This one fits 3 programs.
Qualifies on the property's rent, no W-2 or tax returns.
Listing data verified as of June 9, 2026.

Not the one? Browse more in FL →

Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.