904 Addington Ct UNIT 204VeniceFL34293
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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 904 Addington Ct UNIT 204, Venice, FL, 34293 earns $1,039/mo cash flow from $3,313/mo rent with a $1,585/mo payment. Total monthly income totals $3,313/mo, and annual cash flow totals $12,472/yr on $107,373 capital. ROI tracks 31.52% on current figures, and rental yield reads 12.27% at a $323,900 purchase. Equity gained on principal adds $2,090/yr, and 5% annual appreciation supports $89,488 over five years. Five-year ROI reaches 166.25% and total cumulative return in cash sums $178,503. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,313/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$33 monthly 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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