161 Canoe Bend AveNokomisFL34275
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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 161 Canoe Bend Ave, Nokomis, FL, 34275 uses $121,142 cash to close to unlock $1,743/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,585/mo, and a $1,789/mo payment keeps the spread at $145/mo. Purchase price stands at $365,435, and rental yield measures 8.49% with $2,585/mo rent. Return on cash invested shows 21.35% in year one, and 5% annual appreciation builds toward $100,963 over five years. Five-year ROI reaches 111.21% and total cumulative return in cash records $134,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $1,789/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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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