420 49TH STREET E #71PalmettoFL34221
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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
Investment property for sale in Palmetto at 420 49TH STREET E #71, Palmetto, FL, 34221 uses $36,797 cash to close to unlock $1,868/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $892/mo, and a $543/mo payment keeps the spread at $156/mo. Purchase price stands at $111,000, and rental yield measures 9.64% with $892/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $30,667 over five years. Five-year ROI reaches 130.71% and total cumulative return in cash records $48,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $892/mo property income covering a $543/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
3,920 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
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