310 Coral Creek DrPlacidaFL33946
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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 Placida at 310 Coral Creek Dr, Placida, FL, 33946 priced at $999,900 converts $9,000/mo rent into $2,365/mo cash flow after a $4,894/mo obligation. Total monthly income equals $9,000/mo, and annual cash flow totals $28,374/yr on $328,967 invested. Return on cash invested prints 28.69% in year one, and rental yield reads 10.8% against a $999,900 entry. Equity gained on principal adds $6,452/yr, while 5% annual appreciation compiles into $276,254 by year five. Five-year ROI reaches 150.46% and total cumulative return in cash sums $494,972. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,000/mo property income covering a $4,894/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33946, Placida, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,805 (100%) |
| Owner Occupied HU | 1,595 (41.9%) |
| Renter Occupied HU | 121 ( 3.2%) |
| Vacant Housing Units | 2,089 (54.9%) |
| Median Home Value | $642,188 |
| Average Home Value | $677,636 |
Housing Distribution
Address Breakdown
Residential
1,594
Single Family
1,243
Multi-Family
351
Businesses
189
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