204 Silver Lake Dr UNIT 205VeniceFL34292
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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 204 Silver Lake Dr UNIT 205, Venice, FL, 34292 uses $69,615 cash to close to unlock $1,275/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $1,028/mo payment keeps the spread at $106/mo. Purchase price stands at $210,000, and rental yield measures 8.57% with $1,500/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 113.29% and total cumulative return in cash records $78,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1997
3.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34292, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,605 (100%) |
| Owner Occupied HU | 7,537 (64.9%) |
| Renter Occupied HU | 2,069 (17.8%) |
| Vacant Housing Units | 1,999 (17.2%) |
| Median Home Value | $492,586 |
| Average Home Value | $548,494 |
Housing Distribution
Address Breakdown
Residential
10,659
Single Family
8,696
Multi-Family
1,963
Businesses
475
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