1515 Forrest Nelson Blvd UNIT B-101Pt CharlotteFL33952
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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 Pt Charlotte at 1515 Forrest Nelson Blvd UNIT B-101, Pt Charlotte, FL, 33952 uses $51,349 cash to close to unlock $1,719/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,171/mo, and a $758/mo payment keeps the spread at $143/mo. Purchase price stands at $154,900, and rental yield measures 9.07% with $1,171/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash records $62,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,171/mo property income covering a $758/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33952, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,784 (100%) |
| Owner Occupied HU | 10,981 (65.4%) |
| Renter Occupied HU | 3,447 (20.5%) |
| Vacant Housing Units | 2,356 (14.0%) |
| Median Home Value | $300,977 |
| Average Home Value | $393,134 |
Housing Distribution
Address Breakdown
Residential
15,323
Single Family
14,224
Multi-Family
1,099
Businesses
719
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Listed by: Joel Thomasma • COLDWELL BANKER SUNSTAR REALTY
Mls Name: Stellar MLS
Mls ID: #C7519524