175 Kings Hwy APT 618Port CharlotteFL33983
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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 Port Charlotte at 175 Kings Hwy APT 618, Port Charlotte, FL, 33983 uses $66,300 cash to close to unlock $4,160/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $979/mo payment keeps the spread at $347/mo. Purchase price stands at $200,000, and rental yield measures 10.04% with $1,674/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 137.1% and total cumulative return in cash records $90,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1988
1,249 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33983, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,558 (100%) |
| Owner Occupied HU | 6,577 (68.8%) |
| Renter Occupied HU | 1,491 (15.6%) |
| Vacant Housing Units | 1,490 (15.6%) |
| Median Home Value | $388,262 |
| Average Home Value | $416,316 |
Housing Distribution
Address Breakdown
Residential
8,737
Single Family
8,037
Multi-Family
700
Businesses
144
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Listed by: Joel Desguin • HOME MATCHMAKING REALTY
Mls Name: Stellar MLS
Mls ID: #C7513244