2120 Heron Lake Dr UNIT 107Punta 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
Investment property for sale in Punta Gorda at 2120 Heron Lake Dr UNIT 107, Punta Gorda, FL, 33983 listed at $145,000 pairs $1,264/mo rent with a $710/mo payment. Total monthly income runs $1,264/mo. Return on cash invested measures 16.2% in year one, and rental yield registers 10.46% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 87.64% and total cumulative return in cash totals $42,128. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,264/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
1,032 sqft lot
$N/A/sqft
$450 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: Barb Mc Henry • COLDWELL BANKER SUNSTAR REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7501288
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