232 Bimini DrPalmettoFL34221
Nearby investment properties with comparable rents
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 232 Bimini Dr, Palmetto, FL, 34221 priced at $215,000 converts $1,636/mo rent into $210/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,636/mo, and annual cash flow totals $2,514/yr on $71,273 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.13% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 122.37% and total cumulative return in cash sums $87,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,636/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Manufactured
Built in 1968
4,008 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices