245 Altamura CirNorth VeniceFL34275
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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 North Venice at 245 Altamura Cir, North Venice, FL, 34275 offers a 10.47% rental yield on a $476,990 purchase with $4,163/mo rent. Total monthly income registers $4,163/mo, and a $2,335/mo payment leaves $997/mo available for distribution. Annual cash flow reaches $11,967/yr on $158,122 to close, and return on cash invested stands at 27.48% in year one. Equity gained on principal adds $3,078/yr while 5% annual appreciation supports $131,784 over five years. Portfolio math shows five-year ROI at 144.04% and total cumulative return in cash at $227,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,163/mo property income against a $2,335/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Jon McClay • Neal Communities
Mls Name: Neal Communities
Mls Provider:
Mls ID: #N/A