175 Kings Hwy #C6Punta 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 #C6, Punta Gorda, FL, 33983 priced at $124,900 converts $972/mo rent into after a $611/mo obligation. Total monthly income equals $972/mo. Return on cash invested prints 7.55% in year one, and rental yield reads 9.34% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 43.18% and total cumulative return in cash sums $17,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $972/mo property income covering a $611/mo payment, not borrower’s personal income.
Condo
Built in 1989
1,190 sqft lot
$N/A/sqft
$570 monthly 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: Sue Rueckel • CENTURY 21 AZTEC & ASSOCIATES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7508297
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511