6534 Fairway Gardens Dr #17-201BradentonFL34203
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 6534 Fairway Gardens Dr #17-201, Bradenton, FL, 34203 in Bradenton worth modelling. At $249,000 with a 8.31% gross yield, the $1,724/mo rent leaves $72/mo after the $1,120/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.54 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $68,794 by year five; $2,293/yr in principal reduction adds further equity. Total projected return: $99,513.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.1% |
| Monthly Cash Flow | $72 | $285 |
City averages based on Bradenton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,724 |
| Total Monthly Debt Service | $1,553 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
9.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34203, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,199 (100%) |
| Owner Occupied HU | 12,521 (62.0%) |
| Renter Occupied HU | 4,197 (20.8%) |
| Vacant Housing Units | 3,481 (17.2%) |
| Median Home Value | $405,561 |
| Average Home Value | $412,211 |
Housing Distribution
Address Breakdown
Residential
18,503
Single Family
14,456
Multi-Family
4,047
Businesses
956
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1997
9.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34203, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,199 (100%) |
| Owner Occupied HU | 12,521 (62.0%) |
| Renter Occupied HU | 4,197 (20.8%) |
| Vacant Housing Units | 3,481 (17.2%) |
| Median Home Value | $405,561 |
| Average Home Value | $412,211 |
Housing Distribution
Address Breakdown
Residential
18,503
Single Family
14,456
Multi-Family
4,047
Businesses
956
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices