1623 Red Oak LnPt CharlotteFL33948
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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 1623 Red Oak Ln, Pt Charlotte, FL, 33948 uses $74,588 cash to close to unlock $3,265/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,765/mo, and a $1,101/mo payment keeps the spread at $272/mo. Purchase price stands at $225,000, and rental yield measures 9.41% with $1,765/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 126.97% and total cumulative return in cash records $94,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,765/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2003
8,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33948, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,689 (100%) |
| Owner Occupied HU | 6,388 (73.5%) |
| Renter Occupied HU | 1,244 (14.3%) |
| Vacant Housing Units | 1,057 (12.2%) |
| Median Home Value | $404,052 |
| Average Home Value | $468,545 |
Housing Distribution
Address Breakdown
Residential
9,126
Single Family
7,571
Multi-Family
1,555
Businesses
546
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Listed by: Nicholas Greth • KW PEACE RIVER PARTNERS
Mls Name: Stellar MLS
Mls ID: #C7512942