8409 Placida Rd UNIT 303PlacidaFL33946
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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 Placida at 8409 Placida Rd UNIT 303, Placida, FL, 33946 listed at $267,300 pairs $2,777/mo rent with a $1,308/mo payment to leave $118/mo cash flow. Total monthly income runs $2,777/mo, and annual cash flow reaches $1,416/yr on $88,610 cash to close. Return on cash invested measures 21.51% in year one, and rental yield registers 12.47% at a $267,300 basis. Equity gained on principal adds $1,725/yr, and annual property appreciation at 5% supports $73,850 by year five. Five-year ROI tracks 116.34% and total cumulative return in cash totals $103,085. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,777/mo property income relative to a $1,308/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
1,474 sqft lot
$N/A/sqft
$779 monthly 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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