7524 Palm Island Dr S #1322PlacidaFL33946
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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 Placida at 7524 Palm Island Dr S #1322, Placida, FL, 33946 generates $6,168/mo in rent, after a $4,596/mo payment. Total monthly income is $6,168/mo. Return on cash invested sits at 19.81% in year one, and rental yield is 7.88% on a $939,000 entry. Equity gained on principal adds $6,059/yr, while 5% annual appreciation builds toward $259,428 over five years. Five-year ROI reaches 102.89% and total cumulative return in cash sums $317,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,168/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33946, Placida, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,805 (100%) |
| Owner Occupied HU | 1,595 (41.9%) |
| Renter Occupied HU | 121 ( 3.2%) |
| Vacant Housing Units | 2,089 (54.9%) |
| Median Home Value | $642,188 |
| Average Home Value | $677,636 |
Housing Distribution
Address Breakdown
Residential
1,594
Single Family
1,243
Multi-Family
351
Businesses
189
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