2121 Heron Lake Dr UNIT 101Punta GordaFL33983
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Nearby investment properties with comparable prices
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 2121 Heron Lake Dr UNIT 101, Punta Gorda, FL, 33983 generates $1,353/mo in rent and, after a $856/mo payment, leaves $192/mo in cash flow. Total monthly income is $1,353/mo, and annual cash flow is $2,309/yr on $57,979 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.28% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 124.82% and total cumulative return in cash sums $72,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,353/mo property income rather than buyer’s personal income.
Condo
Built in 2006
1,293 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: Sharon Kerr • COLDWELL BANKER SUNSTAR REALTY
Mls Name: Stellar MLS
Mls ID: #C7514438