1003 Fairwaycove Ln UNIT 103BradentonFL34212
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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 Bradenton at 1003 Fairwaycove Ln UNIT 103, Bradenton, FL, 34212 uses $87,516 cash to close to unlock $6,830/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $1,292/mo payment keeps the spread at $569/mo. Purchase price stands at $264,000, and rental yield measures 10.55% with $2,321/mo rent. Return on cash invested shows 27.71% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 145.31% and total cumulative return in cash records $127,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34212, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,199 (100%) |
| Owner Occupied HU | 8,404 (68.9%) |
| Renter Occupied HU | 2,240 (18.4%) |
| Vacant Housing Units | 1,555 (12.7%) |
| Median Home Value | $561,266 |
| Average Home Value | $599,286 |
Housing Distribution
Address Breakdown
Residential
11,245
Single Family
9,859
Multi-Family
1,386
Businesses
134
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