8906 31st Ave EPalmettoFL34221
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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 Palmetto at 8906 31st Ave E, Palmetto, FL, 34221 listed at $149,900 pairs $1,743/mo rent with a $734/mo payment to leave $441/mo cash flow. Total monthly income runs $1,743/mo, and annual cash flow reaches $5,290/yr on $49,692 cash to close. Return on cash invested measures 30.55% in year one, and rental yield registers 13.95% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 163.19% and total cumulative return in cash totals $81,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,743/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1985
6,033 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34221, Palmetto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,543 (100%) |
| Owner Occupied HU | 18,069 (68.1%) |
| Renter Occupied HU | 4,159 (15.7%) |
| Vacant Housing Units | 4,315 (16.3%) |
| Median Home Value | $392,672 |
| Average Home Value | $458,181 |
Housing Distribution
Address Breakdown
Residential
24,642
Single Family
17,553
Multi-Family
7,089
Businesses
962
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Listed by: Kathryn Valentine • RED DOOR REAL ESTATE GROUP INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5123938
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