120 5th St ENokomisFL34275
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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 Nokomis at 120 5th St E, Nokomis, FL, 34275 uses $65,969 cash to close to unlock $2,261/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $974/mo payment keeps the spread at $188/mo. Purchase price stands at $199,000, and rental yield measures 9.1% with $1,509/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 121.85% and total cumulative return in cash records $80,382. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $974/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34275, Nokomis, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,841 (100%) |
| Owner Occupied HU | 11,024 (69.6%) |
| Renter Occupied HU | 1,762 (11.1%) |
| Vacant Housing Units | 3,055 (19.3%) |
| Median Home Value | $548,324 |
| Average Home Value | $642,080 |
Housing Distribution
Address Breakdown
Residential
14,398
Single Family
13,592
Multi-Family
806
Businesses
447
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