16602 Ridgeview Cres #4421Punta 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
Investment property for sale in Punta Gorda at 16602 Ridgeview Cres #4421, Punta Gorda, FL, 33982 uses $181,803 cash to close to unlock $30,871/yr annual cash flow and $2,573/mo monthly cash flow. Total monthly income runs $6,240/mo, and a $2,705/mo payment keeps the spread at $2,573/mo. Purchase price stands at $552,594, and rental yield measures 13.55% with $6,240/mo rent. Return on cash invested shows 37.04% in year one, and 5% annual appreciation builds toward $152,672 over five years. Five-year ROI reaches 195.27% and total cumulative return in cash records $355,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,240/mo property income covering a $2,705/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
N/A 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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A