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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Palmetto at 1620 Fairway Trce APT A, Palmetto, FL, 34221 generates $2,092/mo in rent and, after a $1,346/mo payment, leaves $267/mo in cash flow. Total monthly income is $2,092/mo, and annual cash flow is $3,204/yr on $91,163 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 9.13% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 122.33% and total cumulative return in cash sums $111,515. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Condo
Built in 1994
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34221, Palmetto, FL area.
| 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 |
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jayne Carter • TIM LESTER INTERNAT'L REALTY
Mls Name: Stellar MLS
Mls ID: #A4674445
