7131 Boca Grove Pl UNIT 203Lakewood 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 7131 Boca Grove Pl UNIT 203, Lakewood Ranch, FL, 34202 listed at $280,000 pairs $2,560/mo rent with a $1,370/mo payment to leave $702/mo cash flow. Total monthly income runs $2,560/mo, and annual cash flow reaches $8,428/yr on $92,820 cash to close. Return on cash invested measures 28.99% in year one, and rental yield registers 10.97% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 152.15% and total cumulative return in cash totals $141,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,560/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
2.96 Acres 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: Elaine Adair • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls ID: #A4673623