245 58th St 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 245 58th St E, Palmetto, FL, 34221 uses $49,692 cash to close to unlock $1,739/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $734/mo payment keeps the spread at $145/mo. Purchase price stands at $149,900, and rental yield measures 9.13% with $1,140/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 122.19% and total cumulative return in cash records $60,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
N/A 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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