175 Kings Hwy #B5Punta GordaFL33983
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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 175 Kings Hwy #B5, Punta Gorda, FL, 33983 priced at $135,000 pairs $1,073/mo rent with $177/mo cash flow after a $661/mo payment. Total monthly income equals $1,073/mo, and annual cash flow comes to $2,122/yr on $44,753 invested. Return on cash invested is 24.65% in year one, and rental yield stands at 9.54% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 128.87% and total cumulative return in cash reaches $57,673. For financing, Ziffy Mortgage’s DSCR program evaluates $1,073/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1988
1,190 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: Christine Chronister • KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #C7516210