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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Palmetto at 606 Riviera Dunes Way APT 207, Palmetto, FL, 34221 offers a 8.39% rental yield on a $490,000 purchase with $3,427/mo rent. 25% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 60.64% and total cumulative return in cash at $98,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,427/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
1.36 Acres lot
$N/A/sqft
$1,156 monthly HOA
Neighborhood data shown for ZIP Code: 34221, Palmetto, FL area.
| 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 |
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
Date | Event | Price |
|---|---|---|
| 2025-03-27 | Listed for sale | $490,000 |
| 2025-03-12 | Listing removed | $2,900 |
| 2025-03-03 | Listed for rent | $2,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $6657.62 | 6.09% | $304,799 | 10.00% |
| 2023-03-28 | $6275.31 | 12.73% | $277,090 | 10.00% |
| 2022-03-28 | $5566.44 | 15.51% | $251,900 | 10.00% |
Listed by: Karina Garate • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5122680
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
