113 Stump LnVeniceLA70091
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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 Venice at 113 Stump Ln, Venice, LA, 70091 uses $165,750 cash to close to unlock $20,436/yr annual cash flow and $1,703/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $2,447/mo payment keeps the spread at $1,703/mo. Purchase price stands at $500,000, and rental yield measures 11.52% with $4,800/mo rent. Return on cash invested shows 32.24% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 168.95% and total cumulative return in cash records $280,040. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Multi Family
Built in 2005
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70091, Venice, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 84 (100%) |
| Owner Occupied HU | 32 (38.1%) |
| Renter Occupied HU | 4 ( 4.8%) |
| Vacant Housing Units | 48 (57.1%) |
| Median Home Value | $137,500 |
| Average Home Value | $270,625 |
Housing Distribution
Address Breakdown
Residential
55
Single Family
55
Multi-Family
0
Businesses
49
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Listed by: Kelly Cagle • LATTER & BLUM (LATT27)
Mls Name: GSREIN
Mls Provider:
Mls ID: #2519525
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.