416 Laurel Lake Dr UNIT 202VeniceFL34292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 416 Laurel Lake Dr UNIT 202, Venice, FL, 34292 offers a 8.1% rental yield on a $250,000 purchase with $1,688/mo rent. Total monthly income registers $1,688/mo, and a $1,224/mo payment leaves $29/mo available for distribution. Annual cash flow reaches $343/yr on $82,875 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 105.67% and total cumulative return in cash at $87,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,688/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34292, Venice, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,605 (100%) |
| Owner Occupied HU | 7,537 (64.9%) |
| Renter Occupied HU | 2,069 (17.8%) |
| Vacant Housing Units | 1,999 (17.2%) |
| Median Home Value | $492,586 |
| Average Home Value | $548,494 |
Housing Distribution
Address Breakdown
Residential
10,659
Single Family
8,696
Multi-Family
1,963
Businesses
475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices