319 Castle 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 319 Castle Dr, Nokomis, FL, 34275 priced at $149,900 converts $2,123/mo rent into $650/mo cash flow after a $734/mo obligation. Total monthly income equals $2,123/mo, and annual cash flow totals $7,795/yr on $49,692 invested. Return on cash invested prints 35.6% in year one, and rental yield reads 17% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 191.76% and total cumulative return in cash sums $95,291. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,123/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
5,552 sqft lot
$N/A/sqft
$400 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: Jacquie Murray • FATHOM REALTY FL LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4658199
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