704 CarefreeVeniceFL34285
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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
Rental property for sale in Venice at 704 Carefree, Venice, FL, 34285 priced at $399,999 converts $3,956/mo rent into $1,301/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,956/mo, and annual cash flow totals $15,616/yr on $132,600 invested. Return on cash invested prints 31.69% in year one, and rental yield reads 11.87% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 166.6% and total cumulative return in cash sums $220,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,956/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
3,389 sqft 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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