305 SW La Mesa LnPalm CityFL34990
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 Palm City at 305 SW La Mesa Ln, Palm City, FL, 34990 offers $5,245/mo rent that, after a $6,314/mo payment. Total monthly income is $5,245/mo. Return on cash invested measures 10.38% in year one, and rental yield stands at 4.88% at a $1,290,000 entry. Equity gained on principal adds $8,324/yr while 5% annual appreciation compounds into $356,403 by year five. Five-year ROI records 52.42% and total cumulative return in cash reaches $219,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,245/mo property income versus a $6,314/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
2.72 Acres lot
$N/A/sqft
$164 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34990, Palm City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,522 (100%) |
| Owner Occupied HU | 11,658 (80.3%) |
| Renter Occupied HU | 1,657 (11.4%) |
| Vacant Housing Units | 1,207 ( 8.3%) |
| Median Home Value | $596,592 |
| Average Home Value | $663,824 |
Housing Distribution
Address Breakdown
Residential
14,123
Single Family
13,161
Multi-Family
962
Businesses
694
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Nearby investment properties with comparable prices
Listed by: Joan Rogers • Berkshire Hathaway Florida Realty
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20045741
Disclaimer: The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Realtor Association of Martin County, Inc. MLS. All rights reserved.