2804 61st 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
Rental property for sale in Palmetto at 2804 61st St E, Palmetto, FL, 34221 generates $2,612/mo in rent, after a $2,065/mo payment. Total monthly income is $2,612/mo. Return on cash invested sits at 15.19% in year one, and rental yield is 7.43% on a $422,000 entry. Equity gained on principal adds $2,723/yr, while 5% annual appreciation builds toward $116,591 over five years. Five-year ROI reaches 79.28% and total cumulative return in cash sums $110,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,612/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
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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Listed by: Michelle Esty • Xartek Real Estates & Property MGMT, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11820092
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.