6585 Waters Edge WayLakewood RanchFL34202
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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 Lakewood Ranch at 6585 Waters Edge Way, Lakewood Ranch, FL, 34202 earns from $4,025/mo rent with a $5,139/mo payment. Total monthly income totals $4,025/mo. ROI tracks 9.99% on current figures, and rental yield reads 4.6% at a $1,050,000 purchase. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 over five years. Five-year ROI reaches 50.16% and total cumulative return in cash sums $170,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,025/mo property income instead of your personal income.
Single Family
Built in 1997
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34202, Bradenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,576 (100%) |
| Owner Occupied HU | 10,728 (73.6%) |
| Renter Occupied HU | 2,444 (16.8%) |
| Vacant Housing Units | 1,404 ( 9.6%) |
| Median Home Value | $677,722 |
| Average Home Value | $841,924 |
Housing Distribution
Address Breakdown
Residential
13,965
Single Family
11,703
Multi-Family
2,262
Businesses
550
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Listed by: Miranda Oswald • KELLER WILLIAMS ON THE WATER
Mls Name: Stellar MLS
Mls ID: #A4678812