8710 Midnight Pass Rd, Unit 405, Sarasota, FL 34242

Sarasota, FL 34242 · 2 bd · 2 ba · 1,012 sqft · Condo · 48 days on market

The math, in full

Asking price: $684,800
Down payment (15%): $102,720
Loan amount: $582,080
Est. monthly rent: $8,000/mo; Range $6,800 to $9,200/mo
Monthly payment, all-in: $6,653/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.20; $8,000 rent ÷ $6,653 payment
Monthly cashflow: +$1,347/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

$102,720

15% down on $684,800

Your local lender

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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 July 5, 2026.

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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.