247 Palm LnPalmettoFL34221
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 247 Palm Ln, Palmetto, FL, 34221 priced at $109,000 pairs $867/mo rent with $143/mo cash flow after a $534/mo payment. Total monthly income equals $867/mo, and annual cash flow comes to $1,718/yr on $36,134 invested. Return on cash invested is 24.66% in year one, and rental yield stands at 9.54% on a $109,000 basis. Equity gained on principal adds $703/yr, and 5% annual appreciation accumulates to $30,115 by year five. Five-year ROI measures 129.05% and total cumulative return in cash reaches $46,630. For financing, Ziffy Mortgage’s DSCR program evaluates $867/mo property income against a $534/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1967
2,766 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