404 Cerromar Cir N UNIT 115VeniceFL34293
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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 Venice at 404 Cerromar Cir N UNIT 115, Venice, FL, 34293 uses $69,615 cash to close to unlock $1,395/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,510/mo, and a $1,028/mo payment keeps the spread at $116/mo. Purchase price stands at $210,000, and rental yield measures 8.63% with $1,510/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash records $79,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,510/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1982
13.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34293, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,779 (100%) |
| Owner Occupied HU | 22,504 (73.1%) |
| Renter Occupied HU | 2,894 ( 9.4%) |
| Vacant Housing Units | 5,381 (17.5%) |
| Median Home Value | $466,786 |
| Average Home Value | $549,555 |
Housing Distribution
Address Breakdown
Residential
28,076
Single Family
24,587
Multi-Family
3,489
Businesses
563
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