1246 Rio De Janeiro Ave #503Punta GordaFL33983
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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 Punta Gorda at 1246 Rio De Janeiro Ave #503, Punta Gorda, FL, 33983 uses $66,267 cash to close to unlock $2,302/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,518/mo, and a $978/mo payment keeps the spread at $192/mo. Purchase price stands at $199,900, and rental yield measures 9.11% with $1,518/mo rent. Return on cash invested shows 23.38% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 122.05% and total cumulative return in cash records $80,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,518/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33983, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,558 (100%) |
| Owner Occupied HU | 6,577 (68.8%) |
| Renter Occupied HU | 1,491 (15.6%) |
| Vacant Housing Units | 1,490 (15.6%) |
| Median Home Value | $388,262 |
| Average Home Value | $416,316 |
Housing Distribution
Address Breakdown
Residential
8,737
Single Family
8,037
Multi-Family
700
Businesses
144
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Listed by: Jennifer Williams Garcia • THE LEGACY COLLECTIVE REALTY
Mls Name: Stellar MLS
Mls ID: #C7516830