Sherwood Plan, Cove at CoasterraPalmettoFL34221
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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 Palmetto at Sherwood Plan, Cove at Coasterra, Palmetto, FL, 34221 priced at $358,999 converts $2,444/mo rent into $62/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,444/mo, and annual cash flow totals $741/yr on $119,008 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 8.17% against a $358,999 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 106.78% and total cumulative return in cash sums $127,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,444/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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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