359 Spanish Lakes 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
Investment property for sale in Nokomis at 359 Spanish Lakes Dr, Nokomis, FL, 34275 at $103,999 posts ROI 24.85% with $142/mo cash flow from $832/mo rent. Total monthly income equals $832/mo, and annual cash flow records $1,702/yr on $34,476 to close. Return on cash invested measures 24.85% and rental yield reads 9.6% at the current $103,999. Equity gained on principal adds $671/yr, and 5% annual appreciation supports $28,733 by year five. Five-year ROI prints 129.9% and total cumulative return in cash totals $44,783.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $832/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1975
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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