200 The Esplanade N APT B3VeniceFL34285
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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
Rental property for sale in Venice at 200 The Esplanade N APT B3, Venice, FL, 34285 priced at $360,000 pairs $2,908/mo rent with $519/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,908/mo, and annual cash flow comes to $6,228/yr on $119,340 invested. Return on cash invested is 25.13% in year one, and rental yield stands at 9.69% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 131.4% and total cumulative return in cash reaches $156,813. For financing, Ziffy Mortgage’s DSCR program evaluates $2,908/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1968
N/A 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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