1393 Kelp CtNorth PortFL34289
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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 North Port at 1393 Kelp Ct, North Port, FL, 34289 offers a 8.75% rental yield on a $284,000 purchase with $2,070/mo rent. Total monthly income registers $2,070/mo, and a $1,390/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,224/yr on $94,146 to close, and return on cash invested stands at 22.27% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 116.11% and total cumulative return in cash at $109,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,070/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
3,658 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34289, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,612 (71.6%) |
| Renter Occupied HU | 376 (16.7%) |
| Vacant Housing Units | 262 (11.6%) |
| Median Home Value | $412,834 |
| Average Home Value | $402,249 |
Housing Distribution
Address Breakdown
Residential
2,044
Single Family
1,644
Multi-Family
400
Businesses
186
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Listed by: Nancy Davis • ANDERSON DAVIS REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #C7517996