245 Altamura CirNorth VeniceFL34275
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 245 Altamura Cir, North Venice, FL, 34275 in North Venice: $4,163/mo in rent, $997/mo net, 10.47% gross yield, all on a $476,990 acquisition. The 1.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $131,784 in value, and $4,393/yr in principal paydown steadily builds equity. Projected total cumulative return: $246,031.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $997 | $1,200 |
City averages based on North Venice market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,163 |
| Total Monthly Debt Service | $2,976 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jon McClay • Neal Communities
Mls Name: Neal Communities
Mls Provider:
Mls ID: #N/A