618 Bird Bay Dr S APT 313VeniceFL34285
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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 618 Bird Bay Dr S APT 313, Venice, FL, 34285 offers a 19.7% rental yield on a $147,500 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $722/mo payment leaves $1,443/mo available for distribution. Annual cash flow reaches $17,317/yr on $48,896 to close, and return on cash invested stands at 55.33% in year one. Equity gained on principal adds $952/yr while 5% annual appreciation supports $40,752 over five years. Portfolio math shows five-year ROI at 293.45% and total cumulative return in cash at $143,485. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $722/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
0.70 Acres lot
$N/A/sqft
No HOA
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
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