1502 Water Oak Way S, Bradenton, FL, 34209 | $1,750/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1502 Water Oak Way S, Bradenton, FL, 34209 | $1,750/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

Rental property for sale in Bradenton at 1502 Water Oak Way S, Bradenton, FL, 34209 priced at $550,000 pairs $5,400/mo rent with $1,750/mo cash flow after a $2,692/mo payment. Total monthly income equals $5,400/mo, and annual cash flow comes to $21,001/yr on $180,950 invested. Return on cash invested is 31.67% in year one, and rental yield stands at 11.78% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 166.47% and total cumulative return in cash reaches $301,234. For financing, Ziffy Mortgage’s DSCR program evaluates $5,400/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1980

6,399 sqft lot

$N/A/sqft

No HOA

More details about the property

You will discover comfort, flexibility and natural beauty in this spacious 3 bedroom, 2 bath condo in the lushly landscaped Oaks community with yard care and community pool/spa. The versatile floorplan offers multiple layout options, just bring your imagination and make it your own! The central kitchen has custom cabinets, volume ceilings, newer appliances and opens to a private side patio for relaxing or grilling. The living room boasts custom built-ins and vaulted ceilings with clerestory windows that flood the space with natural light. The oversized family room offers a decorative fireplace and expansive windows showcasing serene backyard views. A separate den provides an additional fireplace and sliding French doors that lead to a private patio with tranquil pond views. The generous ensuite primary bedroom is large enough for a sitting area, enormous walk-in closet and dedicated laundry room. The seller installed a seawall to the rear of the house to prevent any erosion into the pond. Both the interior and exterior have recently been repainted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34209, Bradenton, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,115 (100%)
Owner Occupied HU	12,609 (66.0%)
Renter Occupied HU	3,273 (17.1%)
Vacant Housing Units	3,233 (16.9%)
Median Home Value	$486,037
Average Home Value	$592,277