1767 Lake Pl #1767-CVeniceFL34293
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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 1767 Lake Pl #1767-C, Venice, FL, 34293 uses $62,654 cash to close to unlock $2,986/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,503/mo, and a $925/mo payment keeps the spread at $249/mo. Purchase price stands at $189,000, and rental yield measures 9.54% with $1,503/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 128.99% and total cumulative return in cash records $80,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,503/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A 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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