6099 Erice StVeniceFL34293
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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 6099 Erice St, Venice, FL, 34293 uses $140,854 cash to close to unlock $9,720/yr annual cash flow and $810/mo monthly cash flow. Total monthly income runs $3,630/mo, and a $2,080/mo payment keeps the spread at $810/mo. Purchase price stands at $424,900, and rental yield measures 10.25% with $3,630/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 140.43% and total cumulative return in cash records $197,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,630/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2006
4,942 sqft 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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