2411 28th Ave EPalmettoFL34221
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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 2411 28th Ave E, Palmetto, FL, 34221 uses $87,848 cash to close to unlock $3,870/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $2,133/mo, and a $1,297/mo payment keeps the spread at $322/mo. Purchase price stands at $265,000, and rental yield measures 9.66% with $2,133/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 127.34% and total cumulative return in cash records $111,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,133/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
2,500 sqft lot
$N/A/sqft
$52 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: Terri Harrington • VUE REALTY, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4644095
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