1605 Griffith AvePunta GordaFL33982
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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 Punta Gorda at 1605 Griffith Ave, Punta Gorda, FL, 33982 generates $909/mo in rent and, after a $563/mo payment, leaves $146/mo in cash flow. Total monthly income is $909/mo, and annual cash flow is $1,749/yr on $38,123 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 9.49% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 128.07% and total cumulative return in cash sums $48,825. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $909/mo property income rather than buyer’s personal income.
Manufactured
Built in 1973
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33982, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,459 (100%) |
| Owner Occupied HU | 7,348 (70.3%) |
| Renter Occupied HU | 838 ( 8.0%) |
| Vacant Housing Units | 2,273 (21.7%) |
| Median Home Value | $373,056 |
| Average Home Value | $411,551 |
Housing Distribution
Address Breakdown
Residential
8,066
Single Family
6,889
Multi-Family
1,177
Businesses
312
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Listed by: Connor Hoehne • KINGSTON REALTY
Mls Name: Stellar MLS
Mls ID: #A4660146