224 Spanish Lakes DrNokomisFL34275
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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 224 Spanish Lakes Dr, Nokomis, FL, 34275 listed at $112,000 pairs $889/mo rent with a $548/mo payment. Total monthly income runs $889/mo. Return on cash invested measures -5.27% in year one, and rental yield registers 9.53% at a $112,000 basis. Equity gained on principal adds $723/yr, and annual property appreciation at 5% supports $30,944 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $889/mo property income relative to a $548/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
N/A lot
$N/A/sqft
$925 monthly 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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