2320 Terra Ceia Bay Blvd UNIT 304PalmettoFL34221
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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 Palmetto at 2320 Terra Ceia Bay Blvd UNIT 304, Palmetto, FL, 34221 uses $66,300 cash to close to unlock $632/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $979/mo payment keeps the spread at $53/mo. Purchase price stands at $200,000, and rental yield measures 8.28% with $1,380/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 108.55% and total cumulative return in cash records $71,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1991
3.19 Acres 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
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