6589 Fairway Gardens Dr #202BradentonFL34203
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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
Rental property for sale in Bradenton at 6589 Fairway Gardens Dr #202, Bradenton, FL, 34203 generates $1,773/mo in rent and, after a $1,287/mo payment, leaves $28/mo in cash flow. Total monthly income is $1,773/mo, and annual cash flow is $335/yr on $87,185 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 8.09% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 105.49% and total cumulative return in cash sums $91,967. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,773/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A 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
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