288 Lazy Shore 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
Rental property for sale in Nokomis at 288 Lazy Shore Dr, Nokomis, FL, 34275 priced at $359,000 converts $4,620/mo rent into $2,181/mo cash flow after a $1,757/mo obligation. Total monthly income equals $4,620/mo, and annual cash flow totals $26,169/yr on $119,009 invested. Return on cash invested prints 41.9% in year one, and rental yield reads 15.44% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 221.56% and total cumulative return in cash sums $263,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,620/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,200 sqft lot
$N/A/sqft
$13 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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Listed by: Bryan Sumner • MERITAGE HOMES OF FL REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6351931
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511