2408 Silver Palm RdNorth PortFL34288
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 North Port at 2408 Silver Palm Rd, North Port, FL, 34288 priced at $730,000 converts $5,068/mo rent into after a $3,573/mo obligation. Total monthly income equals $5,068/mo. Return on cash invested prints 19.7% in year one, and rental yield reads 8.33% against a $730,000 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation compiles into $201,686 by year five. Five-year ROI reaches 102.81% and total cumulative return in cash sums $246,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,068/mo property income covering a $3,573/mo payment, not borrower’s personal income.
Single Family
Built in 2005
9,084 sqft lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34288, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,751 (100%) |
| Owner Occupied HU | 4,901 (72.6%) |
| Renter Occupied HU | 1,279 (18.9%) |
| Vacant Housing Units | 571 ( 8.5%) |
| Median Home Value | $405,293 |
| Average Home Value | $484,339 |
Housing Distribution
Address Breakdown
Residential
7,260
Single Family
6,874
Multi-Family
386
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Oleksandr Vashkevych • ENGEL + VOELKERS SARASOTA
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7503231
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