1 Colony Point Dr APT 5CPunta GordaFL33950
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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 Punta Gorda at 1 Colony Point Dr APT 5C, Punta Gorda, FL, 33950 priced at $410,000 converts $3,476/mo rent into after a $2,007/mo obligation. Total monthly income equals $3,476/mo. Return on cash invested prints 18.33% in year one, and rental yield reads 10.17% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 97.98% and total cumulative return in cash sums $133,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,476/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$9,372 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33950, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 10,954 (63.8%) |
| Renter Occupied HU | 2,397 (14.0%) |
| Vacant Housing Units | 3,818 (22.2%) |
| Median Home Value | $518,242 |
| Average Home Value | $558,414 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,208
Multi-Family
2,959
Businesses
1,049
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Listed by: Denise Henry • RE/MAX Anchor Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #223062881
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.