1515 Forrest Nelson Blvd UNIT L-204Pt 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
Rental property for sale in Pt Charlotte at 1515 Forrest Nelson Blvd UNIT L-204, Pt Charlotte, FL, 33952 generates $1,655/mo in rent and, after a $851/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,655/mo, and annual cash flow is $1,729/yr on $57,648 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 11.42% on a $173,900 entry. Equity gained on principal adds $1,122/yr, while 5% annual appreciation builds toward $48,045 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash sums $70,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,655/mo property income rather than buyer’s personal income.
Condo
Built in 1983
821 sqft lot
$N/A/sqft
$357 monthly 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 • SELLSTATE VISION REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7506722
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511