178 Bimini DrPalmettoFL34221
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Nearby investment properties with comparable prices
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 Palmetto at 178 Bimini Dr, Palmetto, FL, 34221 priced at $125,000 converts $2,107/mo rent into $776/mo cash flow after a $612/mo obligation. Total monthly income equals $2,107/mo, and annual cash flow totals $9,315/yr on $41,438 invested. Return on cash invested prints 42.39% in year one, and rental yield reads 20.23% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 229.34% and total cumulative return in cash sums $95,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,107/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 1973
3,581 sqft lot
$N/A/sqft
$338 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
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Listed by: Carmen Garcia Urgelles • KELLER WILLIAMS ON THE WATER
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4651549
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511