10230 289th St EMyakka CityFL34251
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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
Rental property for sale in Myakka City at 10230 289th St E, Myakka City, FL, 34251 generates $4,840/mo in rent, after a $4,013/mo payment. Total monthly income is $4,840/mo. Return on cash invested sits at 17.39% in year one, and rental yield is 7.08% on a $820,000 entry. Equity gained on principal adds $5,291/yr, while 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 89.86% and total cumulative return in cash sums $242,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,840/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
5.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34251, Myakka City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,669 (100%) |
| Owner Occupied HU | 2,284 (85.6%) |
| Renter Occupied HU | 240 ( 9.0%) |
| Vacant Housing Units | 145 ( 5.4%) |
| Median Home Value | $596,483 |
| Average Home Value | $657,437 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,509
Multi-Family
6
Businesses
117
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Listed by: Ravenn Gossett • FLORIDA LIFE TEAM LLC
Mls Name: Stellar MLS
Mls ID: #OM703500