Spruce 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
Investment property for sale in Palmetto at Spruce Plan, Cove at Coasterra, Palmetto, FL, 34221 with 5% annual appreciation on a $301,999 basis while $2,902/mo rent supports operations. Total monthly income totals $2,902/mo and a $1,478/mo payment preserves $898/mo for cash returns. Annual cash flow comes to $10,776/yr on $100,113 deployed, and return on cash invested reaches 30.67% in year one. Equity gained on principal adds $1,949/yr, and five-year appreciation sums $83,437 alongside rental yield of 11.53%. Five-year ROI measures 161.2% and total cumulative return in cash totals $161,379.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,902/mo property income versus a $1,478/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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