523 Spring Lakes BlvdBradentonFL34210
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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 Bradenton at 523 Spring Lakes Blvd, Bradenton, FL, 34210 priced at $186,800 converts $2,869/mo rent into $1,331/mo cash flow after a $914/mo obligation. Total monthly income equals $2,869/mo, and annual cash flow totals $15,968/yr on $61,924 invested. Return on cash invested prints 45.7% in year one, and rental yield reads 18.43% against a $186,800 entry. Equity gained on principal adds $1,205/yr, while 5% annual appreciation compiles into $51,609 by year five. Five-year ROI reaches 243.81% and total cumulative return in cash sums $150,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,869/mo property income covering a $914/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$299 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34210, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 4,540 (38.6%) |
| Renter Occupied HU | 3,679 (31.3%) |
| Vacant Housing Units | 3,528 (30.0%) |
| Median Home Value | $432,365 |
| Average Home Value | $528,171 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
5,578
Multi-Family
4,812
Businesses
475
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