16434 Slate PlLakewood RanchFL34211
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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
Rental property for sale in Lakewood Ranch at 16434 Slate Pl, Lakewood Ranch, FL, 34211 generates $6,033/mo in rent, after a $7,582/mo payment. Total monthly income is $6,033/mo. Return on cash invested sits at 10.22% in year one, and rental yield is 4.67% on a $1,549,000 entry. Equity gained on principal adds $9,995/yr, while 5% annual appreciation builds toward $427,960 over five years. Five-year ROI reaches 51.37% and total cumulative return in cash sums $257,807. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,033/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
8,059 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34211, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,750 (100%) |
| Owner Occupied HU | 11,166 (59.6%) |
| Renter Occupied HU | 3,768 (20.1%) |
| Vacant Housing Units | 3,816 (20.4%) |
| Median Home Value | $693,577 |
| Average Home Value | $748,318 |
Housing Distribution
Address Breakdown
Residential
15,868
Single Family
14,461
Multi-Family
1,407
Businesses
686
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Listed by: Molly Higdon, LLC • KELLER WILLIAMS ON THE WATER S
Mls Name: Stellar MLS
Mls ID: #A4651064