433 Cerromar Ln UNIT 331VeniceFL34293
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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 433 Cerromar Ln UNIT 331, Venice, FL, 34293 offers a 8.39% rental yield on a $235,500 purchase with $1,647/mo rent. Total monthly income registers $1,647/mo, and a $1,153/mo payment leaves $84/mo available for distribution. Annual cash flow reaches $1,006/yr on $78,068 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $1,520/yr while 5% annual appreciation supports $65,064 over five years. Portfolio math shows five-year ROI at 110.34% and total cumulative return in cash at $86,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,647/mo property income against a $1,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
26.20 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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