240 Corelli 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 240 Corelli Dr, Nokomis, FL, 34275 offers a 8.77% rental yield on a $777,500 purchase with $5,681/mo rent. Total monthly income registers $5,681/mo, and a $3,805/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,262/yr on $255,798 to close, and return on cash invested stands at 22.51% in year one. Equity gained on principal adds $5,017/yr while 5% annual appreciation supports $214,809 over five years. Portfolio math shows five-year ROI at 117.34% and total cumulative return in cash at $300,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,681/mo property income against a $3,805/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
No 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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