8407 Placida Rd UNIT 307PlacidaFL33946
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
Investment Highlights
Investment property for sale in Placida at 8407 Placida Rd UNIT 307, Placida, FL, 33946 uses $95,804 cash to close to unlock $10,568/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $2,799/mo, and a $1,415/mo payment keeps the spread at $881/mo. Purchase price stands at $289,000, and rental yield measures 11.62% with $2,799/mo rent. Return on cash invested shows 30.94% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 162.59% and total cumulative return in cash records $155,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,799/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,009 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices