3432 97th Ln E, Palmetto, FL, 34221 | $470/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3432 97th Ln E, Palmetto, FL, 34221 | $470/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palmetto at 3432 97th Ln E, Palmetto, FL, 34221 earns $470/mo cash flow from $2,508/mo rent with a $1,503/mo payment. Total monthly income totals $2,508/mo, and annual cash flow totals $5,644/yr on $101,771 capital. ROI tracks 25.45% on current figures, and rental yield reads 9.8% at a $307,000 purchase. Equity gained on principal adds $1,981/yr, and 5% annual appreciation supports $84,818 over five years. Five-year ROI reaches 133.21% and total cumulative return in cash sums $135,566. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,508/mo property income instead of your personal income.

Single Family

Built in 2013

4,948 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Gillette Groves. This inviting 3-bedroom, 2-bathroom home offers the perfect blend of comfort and charm in a quiet, family-friendly neighborhood. Step inside to a bright living area with high ceilings, creating an open, airy feel ideal for everyday living and gatherings. The warm, welcoming kitchen features plenty of counter space and cabinetry, flowing easily into the main living spaces for connection and convenience. The spacious primary suite is a true retreat with two generous closets and a large ensuite bathroom designed for comfort. Youll love the convenience of an indoor laundry room and a 2-car garage providing ample storage. Step out back to your private patio, perfect for playtime, family barbecues, or simply relaxing after a long day. More to love: Hurricane shutters, 15 minutes to Manatee Beach and Anna Maria Island. Short distance to shopping, restaurants, and Ellenton Outlets. Schedule your showing today!

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