113 Lenoir StPt CharlotteFL33948
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pt Charlotte at 113 Lenoir St, Pt Charlotte, FL, 33948 priced at $214,900 converts $1,538/mo rent into $112/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $1,341/yr on $71,239 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 8.59% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 113.54% and total cumulative return in cash sums $80,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33948, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,689 (100%) |
| Owner Occupied HU | 6,388 (73.5%) |
| Renter Occupied HU | 1,244 (14.3%) |
| Vacant Housing Units | 1,057 (12.2%) |
| Median Home Value | $404,052 |
| Average Home Value | $468,545 |
Housing Distribution
Address Breakdown
Residential
9,126
Single Family
7,571
Multi-Family
1,555
Businesses
546
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Listed by: Mark Sestilio • EXIT BAYSHORE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8433109