3043 Novara LnLakewood RanchFL34211
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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 Lakewood Ranch at 3043 Novara Ln, Lakewood Ranch, FL, 34211 generates $4,080/mo in rent and, after a $1,759/mo payment, leaves $1,473/mo in cash flow. Total monthly income is $4,080/mo, and annual cash flow is $17,675/yr on $119,161 invested. Return on cash invested sits at 34.74% in year one, and rental yield is 13.62% on a $359,460 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation builds toward $99,312 over five years. Five-year ROI reaches 183.78% and total cumulative return in cash sums $218,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,080/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$222 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34211, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,750 (100%) |
| Owner Occupied HU | 11,166 (59.6%) |
| Renter Occupied HU | 3,768 (20.1%) |
| Vacant Housing Units | 3,816 (20.4%) |
| Median Home Value | $693,577 |
| Average Home Value | $748,318 |
Housing Distribution
Address Breakdown
Residential
15,868
Single Family
14,461
Multi-Family
1,407
Businesses
686
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Listed by: Michelle Campbell • TAYLOR MORRISON RLTY OF FLA
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4618754
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