11000 Placida Rd UNIT 2203PlacidaFL33946
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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 Placida at 11000 Placida Rd UNIT 2203, Placida, FL, 33946 uses $294,455 cash to close to unlock $30,615/yr annual cash flow and $2,551/mo monthly cash flow. Total monthly income runs $8,491/mo, and a $4,381/mo payment keeps the spread at $2,551/mo. Purchase price stands at $895,000, and rental yield measures 11.38% with $8,491/mo rent. Return on cash invested shows 30.46% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 159.97% and total cumulative return in cash records $471,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,491/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Condo
Built in 1993
2,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33946, Placida, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,805 (100%) |
| Owner Occupied HU | 1,595 (41.9%) |
| Renter Occupied HU | 121 ( 3.2%) |
| Vacant Housing Units | 2,089 (54.9%) |
| Median Home Value | $642,188 |
| Average Home Value | $677,636 |
Housing Distribution
Address Breakdown
Residential
1,594
Single Family
1,243
Multi-Family
351
Businesses
189
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