10520 Boardwalk Loop UNIT 704Lakewood RanchFL34202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,989/mo, and a $3,426/mo payment. Purchase price stands at $700,000, and rental yield measures 5.12% with $2,989/mo rent. Return on cash invested shows 11.43% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 57.93% and total cumulative return in cash records $133,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34202, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,576 (100%) |
| Owner Occupied HU | 10,728 (73.6%) |
| Renter Occupied HU | 2,444 (16.8%) |
| Vacant Housing Units | 1,404 ( 9.6%) |
| Median Home Value | $677,722 |
| Average Home Value | $841,924 |
Housing Distribution
Address Breakdown
Residential
13,965
Single Family
11,703
Multi-Family
2,262
Businesses
550
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian ODonnell • REALTY BY DESIGN LLC
Mls Name: Stellar MLS
Mls ID: #A4677855