521 W Venice Ave APT 22, Venice, FL, 34285 | $47/mo Cash Flow

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521 W Venice Ave APT 22, Venice, FL, 34285 | $47/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Venice at 521 W Venice Ave APT 22, Venice, FL, 34285 listed at $289,900 pairs $2,604/mo rent with a $1,419/mo payment to leave $47/mo cash flow. Total monthly income runs $2,604/mo, and annual cash flow reaches $558/yr on $96,102 cash to close. Return on cash invested measures 20.49% in year one, and rental yield registers 10.78% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 109.42% and total cumulative return in cash totals $105,153. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,604/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1962

N/A lot

$N/A/sqft

$542 monthly HOA

More details about the property

GREAT LOCATION! MOVE-IN READY. LARGELY FURNISHED. END UNIT. HURRICANE RATED WINDOWS. Welcome to Palm Terrace, a 55+Cooperative community ideally located steps to Downtown Venice and two blocks from Venice Beach. Located on beautiful Venice Avenue directly across the street from Heritage Park, you will find this second floor, 2 bedroom, 1.5 bathroom END UNIT to be light and bright throughout. A front patio provides the opportunity to enjoy your morning coffee or evening beverage.

Being a snowbird home, it is lightly used and includes the value-added features of newer HURRICANE STANDARD WINDOWS and FRONT DOOR, plentiful plantation shutters, crown molding, newer A/C (2018), and one assigned parking spot directly in front of the unit. You will also love the spacious combo living/dining area and an over-sized primary bedroom with a walk-in closet and ensuite half bath. The unit is largely furnished with exception of wall dcor, two wicker bedside tables, and a few small personal items.

Palm Terrace is an intimate community with 32 units in eight buildings. You will find it to be well managed and maintained (newer plumbing stacks, water lines and roofs), beautifully landscaped, and there is a heated pool for year-round enjoyment. The communal laundry room is free for resident use with three washers and three dryers.

Living at Palm Terrace is a walker's dream. You are two blocks from Venice's picturesque downtown and its diverse dining, boutique shopping, entertainment options, and regular slate of festivals and concerts at Centennial Park. The weekly farmer's market, tennis/pickleball/shuffleboard/basketball courts at Hecksher Park, Venice, Art Center, Venice Library, and Venice Community Center are all within easy walking distance. And Venice Beach is also an easy walk or bike ride being only two blocks away for sunsets, beachcombing, yoga on the beach, or listening to the regular evening music jams under the Pavilion!

Call now to start living the Venice Island lifestyle!

Neighborhood Data

Neighborhood data shown for ZIP Code: 34285, Venice, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,982 (100%)
Owner Occupied HU	8,761 (54.8%)
Renter Occupied HU	2,024 (12.7%)
Vacant Housing Units	5,197 (32.5%)
Median Home Value	$418,517
Average Home Value	$567,434

Housing Distribution

Address Breakdown

Residential

14,066

Single Family

9,629

Multi-Family

4,437

Businesses

1,258

Price History

Date	Event	Price
2025-02-04	Listed for sale	$289,900
2025-01-31	Pending sale	$289,900
2025-01-24	Listed for sale	$289,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-02-14	N/A	N/A	$217,885	10.00%
2023-02-14	$3677.42	8.43%	$198,077	10.00%
2022-02-14	$3391.46	26.20%	$180,070	10.00%

Nearby investment properties with comparable rents

Investment Property+ 1 more

1 Bed
1 Bath
805 sft

700 Golden Beach Blvd APT 130, Venice, FL, 34285

2 Bed
2 Bath
956 sft

500 Park Blvd S APT 33, Venice, FL, 34285

Currently Rented+ 2 more

2 Bed
2 Bath
1175 sft

500 Park Blvd S APT 97, Venice, FL, 34285

1 Bed
2 Bath
855 sft

109 The Esplanade S APT 202, Venice, FL, 34285

Nearby investment properties with comparable prices

2 Bed
2 Bath
1027 sft

500 Park Blvd S APT 99, Venice, FL, 34285

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1962
Architectural Style: N/A
Building Area: 1,000
Living Area: 952 sqft
Property Condition: N/A

Features & Amenities

Heating: Central, Electric
Cooling: Central Air, Humidity Control
Flooring: Carpet, Ceramic Tile
Interior Features: Ceiling Fan(s), Crown Molding, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
Exterior Features: Irrigation System, Lighting, Rain Gutters, Sidewalk
Parking Features: Assigned, Ground Level, On Street

Location

City: Venice
State: FL
Subdivision: Palm Terrace
Lot Size: N/A
Lot Features: Historic District, City Lot, Landscaped, Near Golf Course, Near Marina, Sidewalk
View: N/A

HOA & Fees

HOA Fee: $542 monthly
Association Fee: $542 monthly
Fees & Dues: N/A
Association Amenities: Cable TV, Laundry, Maintenance, Pool
Association Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water

Utilities

Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved, Asphalt

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Michael Saur PLLC • CENTURY 21 SCHMIDT REAL ESTATE

Mls Name: Stellar MLS

Mls Provider: Mls

Mls ID: #A4637352

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

521 W Venice Ave APT 22,Venice,FL,34285

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

521 W Venice Ave APT 22VeniceFL34285