6211 65th Pl E, Palmetto, FL, 34221 | $173/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6211 65th Pl E, Palmetto, FL, 34221 | $173/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 6211 65th Pl E, Palmetto, FL, 34221 offers a 8.51% rental yield on a $379,900 purchase with $2,694/mo rent. Total monthly income registers $2,694/mo, and a $1,859/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,080/yr on $125,937 to close, and return on cash invested stands at 21.56% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 112.3% and total cumulative return in cash at $141,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,694/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2000

10,367 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Heather Glen! A stylish and well maintained community that you won't want to miss, where the homes were built in a low-density development offering larger lots and more green space than those in newer communities in Manatee County. With quick access to the interstate, Tampa and St Petersburg; commuting for work is made easy. This home sits high and dry, NO FLOOD INSURANCE necessary, on .24 acres with mature lush landscaping and a serene lake view. Located on the only cald-e-sac in the neighborhood, which dramatically limits any through traffic. This easy to maintain home gets even easier with a new Leaf Filter Gutter system and 2017 roof. Remodeled inside and out with fresh paint, updated kitchen and baths and brand new luxury vinyl flooring throughout. Upon entering your eyes are drawn to the expansive wall of windows leading to a relaxing lanai with gorgeous lake views, ducks and sand cranes right out your back door, bring the outdoors in all year round. Save on your electric bill with all new impact rated windows and sliding doors. With an open floorplan and cathedral ceilings and split bedrooms; this home has a perfect layout for any buyer. Homes sell fast in this community. Call for an appointment to view before it's gone!

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