1703 Bal Harbour DrVeniceFL34293
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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 1703 Bal Harbour Dr, Venice, FL, 34293 offers a 9.35% rental yield on a $199,000 purchase with $1,551/mo rent. Total monthly income registers $1,551/mo, and a $974/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,765/yr on $65,969 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 125.94% and total cumulative return in cash at $83,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,551/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34293, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,779 (100%) |
| Owner Occupied HU | 22,504 (73.1%) |
| Renter Occupied HU | 2,894 ( 9.4%) |
| Vacant Housing Units | 5,381 (17.5%) |
| Median Home Value | $466,786 |
| Average Home Value | $549,555 |
Housing Distribution
Address Breakdown
Residential
28,076
Single Family
24,587
Multi-Family
3,489
Businesses
563
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