Palm Plan, Palmera at Wellen ParkVeniceFL34293
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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 Palm Plan, Palmera at Wellen Park, Venice, FL, 34293 priced at $472,990 converts $3,600/mo rent into $461/mo cash flow after a $2,315/mo obligation. Total monthly income equals $3,600/mo, and annual cash flow totals $5,535/yr on $156,796 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.13% against a $472,990 entry. Equity gained on principal adds $3,052/yr, while 5% annual appreciation compiles into $130,678 by year five. Five-year ROI reaches 122.37% and total cumulative return in cash sums $191,868. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $2,315/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A 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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