








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Palmetto at 1000 Riverside Dr APT B501, Palmetto, FL, 34221 generates $2,286/mo in rent, after a $2,692/mo payment. Total monthly income is $2,286/mo. Return on cash invested sits at -4.64% in year one, and rental yield is 4.99% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,286/mo property income rather than buyer’s personal income.
Condo
Built in 1984
0.84 Acres lot
$N/A/sqft
$1,732 monthly HOA
Neighborhood data shown for ZIP Code: 34221, Palmetto, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,543 (100%) |
| Owner Occupied HU | 18,069 (68.1%) |
| Renter Occupied HU | 4,159 (15.7%) |
| Vacant Housing Units | 4,315 (16.3%) |
| Median Home Value | $392,672 |
| Average Home Value | $458,181 |
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $550,000 |
| 2024-07-11 | Listing removed | $700,000 |
| 2024-05-03 | Listed for sale | $700,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $12437.78 | 4.80% | $624,750 | 6.52% |
| 2023-04-21 | $11867.69 | 163.88% | $586,500 | 141.99% |
| 2022-04-21 | $4497.33 | 1.45% | $242,361 | 3.00% |



Listed by: Gregory Zies, LLC • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4649355
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511