6202 60th St EPalmettoFL34221
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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 6202 60th St E, Palmetto, FL, 34221 earns $584/mo cash flow from $3,494/mo rent with a $2,129/mo payment. Total monthly income totals $3,494/mo, and annual cash flow totals $7,010/yr on $144,203 capital. ROI tracks 24.77% on current figures, and rental yield reads 9.64% at a $435,000 purchase. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 over five years. Five-year ROI reaches 129.58% and total cumulative return in cash sums $186,864. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,494/mo property income instead of your personal income.
Single Family
Built in 2000
10,018 sqft lot
$N/A/sqft
$200 annually 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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Listed by: Amber Sanders • Saltwater Real Estate of PCB
Mls Name: CPAR
Mls Provider:
Mls ID: #765652
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.