1226 3rd Street Cir E UNIT 1226, Palmetto, FL, 34221 | $586/mo Cash Flow

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1226 3rd Street Cir E UNIT 1226, Palmetto, FL, 34221 | $586/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palmetto at 1226 3rd Street Cir E UNIT 1226, Palmetto, FL, 34221 listed at $539,900 pairs $4,169/mo rent with a $2,643/mo payment to leave $586/mo cash flow. Total monthly income runs $4,169/mo, and annual cash flow reaches $7,028/yr on $177,627 cash to close. Return on cash invested measures 24.02% in year one, and rental yield registers 9.27% at a $539,900 basis. Equity gained on principal adds $3,484/yr, and annual property appreciation at 5% supports $149,164 by year five. Five-year ROI tracks 125.43% and total cumulative return in cash totals $222,799. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,169/mo property income relative to a $2,643/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2005

2,047 sqft lot

$N/A/sqft

No HOA

More details about the property

BOATER AND NATURE LOVER'S DREAM IN THIS EXCEPTIONAL 3 BEDROOM/3BATHROOM TOWNHOME! Located in the gorgeous gated community of the Hammocks at Riviera Dunes. Situated adjacent to a deep water protected harbor out to the Manatee river. The community amenities include: Boat slips for rent or purchase, Community center with workout area & kitchen, 2 pools, pickle ball/tennis court, and all outdoor maintenance included. This three level townhome features a beautiful open floor plan on the main level with ceramic tile & rich countertops. There is a gorgeous panoramic view of the pool, a pond featuring a beautiful fountain, a nature preserve with live oaks, & a bridge to an island. Off the main level is the spacious paver balcony with a natural gas grill for outdoor entertaining. The bedroom on this level may be used as a den/office or a formal dining room. Sleek bamboo floors and wrought iron railings escort you to the top floor large primary suite, featuring French doors, a huge walk-in closet, large en suite bathroom with updated contemporary walk-in shower and soaking tub. An added convenience is the full laundry room on this floor. Additionally, this floor has a guest room with en suite bath, walk-in closet, & view of the Manatee river. This townhome features a large lower level flex space, which is semi-finished, with huge walk in storage closets, making this an ideal game room, man cave, or space for added guests. Strategically located just minutes from award winning beaches, preserves, I-75, Skyway Bridge, Ellenton outlet mall, numerous restaurants, County convention center, & Bradenton/ Sarasota. Come make this DREAM Townhome yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 34221, Palmetto, FL area.

Housing Distribution

Housing Statistics

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