2053 Canal Dr #L3BradentonFL34207
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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
Investment property for sale in Bradenton at 2053 Canal Dr #L3, Bradenton, FL, 34207 uses $33,150 cash to close to unlock $1,138/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $758/mo, and a $489/mo payment keeps the spread at $95/mo. Purchase price stands at $100,000, and rental yield measures 9.1% with $758/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash records $40,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $758/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34207, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,975 (100%) |
| Owner Occupied HU | 9,533 (47.7%) |
| Renter Occupied HU | 6,846 (34.3%) |
| Vacant Housing Units | 3,596 (18.0%) |
| Median Home Value | $144,995 |
| Average Home Value | $222,145 |
Housing Distribution
Address Breakdown
Residential
16,180
Single Family
13,186
Multi-Family
2,994
Businesses
756
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