6918 Hanover CtLakewood RanchFL34202
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow6918 Hanover Ct, Lakewood Ranch, FL, 34202 in Lakewood Ranch earns its strong cash-flow label: 10.53% yield, $5,040/mo rent, $674/mo net income, DSCR 1.95. The $574,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $158,724 by year five. Combined with $5,291/yr in principal paydown, total projected return reaches $264,755.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.5% |
| Monthly Cash Flow | $674 | $250 |
City averages based on Lakewood Ranch market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,040 |
| Total Monthly Debt Service | $4,138 |
| DSCR Ratio | 1.22x |
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.
Single Family
Built in 2020
9,239 sqft lot
$N/A/sqft
$516 monthly 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
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
Single Family
Built in 2020
9,239 sqft lot
$N/A/sqft
$516 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Nasello • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4668217
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511