244 Saint Augustine Ave APT 503VeniceFL34285
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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 244 Saint Augustine Ave APT 503, Venice, FL, 34285 uses $76,212 cash to close to unlock $199/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $1,125/mo payment keeps the spread at $17/mo. Purchase price stands at $229,900, and rental yield measures 8.05% with $1,542/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 104.85% and total cumulative return in cash records $79,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Condo
Built in 1974
3.57 Acres 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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