3423 Palometa DrHernando BeachFL34607
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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 Hernando Beach at 3423 Palometa Dr, Hernando Beach, FL, 34607 offers $4,602/mo rent that, after a $3,157/mo payment, leaves $322/mo cash flow. Total monthly income is $4,602/mo, and annual cash flow is $3,859/yr on $212,205 cash. Return on cash invested measures 21.88% in year one, and rental yield stands at 8.56% at a $645,000 entry. Equity gained on principal adds $4,162/yr while 5% annual appreciation compounds into $178,202 by year five. Five-year ROI records 113.97% and total cumulative return in cash reaches $241,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,602/mo property income versus a $3,157/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34607, Spring Hill, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,478 (100%) |
| Owner Occupied HU | 3,535 (64.5%) |
| Renter Occupied HU | 666 (12.2%) |
| Vacant Housing Units | 1,277 (23.3%) |
| Median Home Value | $460,157 |
| Average Home Value | $483,981 |
Housing Distribution
Address Breakdown
Residential
4,390
Single Family
3,304
Multi-Family
1,086
Businesses
149
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Listed by: Jennifer Mankotya • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #W7882272