1999 Kings Hwy UNIT 24CPunta GordaFL33980
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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 1999 Kings Hwy UNIT 24C, Punta Gorda, FL, 33980 generates $1,103/mo in rent and, after a $680/mo payment, leaves $181/mo in cash flow. Total monthly income is $1,103/mo, and annual cash flow is $2,171/yr on $46,079 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.52% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 128.72% and total cumulative return in cash sums $59,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,103/mo property income rather than buyer’s personal income.
Condo
Built in 1981
1,132 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33980, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,328 (100%) |
| Owner Occupied HU | 4,800 (57.6%) |
| Renter Occupied HU | 1,560 (18.7%) |
| Vacant Housing Units | 1,968 (23.6%) |
| Median Home Value | $270,517 |
| Average Home Value | $289,113 |
Housing Distribution
Address Breakdown
Residential
7,477
Single Family
4,739
Multi-Family
2,738
Businesses
431
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Listed by: Tabytha Reck • KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #C7509332