1309 Nokomis Ave SVeniceFL34285
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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 1309 Nokomis Ave S, Venice, FL, 34285 listed at $650,000 pairs $6,142/mo rent with a $3,181/mo payment to leave $1,829/mo cash flow. Total monthly income runs $6,142/mo, and annual cash flow reaches $21,947/yr on $213,850 cash to close. Return on cash invested measures 30.32% in year one, and rental yield registers 11.34% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 159.24% and total cumulative return in cash totals $340,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,142/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
10,251 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34285, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,982 (100%) |
| Owner Occupied HU | 8,761 (54.8%) |
| Renter Occupied HU | 2,024 (12.7%) |
| Vacant Housing Units | 5,197 (32.5%) |
| Median Home Value | $418,517 |
| Average Home Value | $567,434 |
Housing Distribution
Address Breakdown
Residential
14,066
Single Family
9,629
Multi-Family
4,437
Businesses
1,258
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