214 Lazy River RdNorth PortFL34287
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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 North Port at 214 Lazy River Rd, North Port, FL, 34287 uses $49,651 cash to close to unlock $434/yr annual cash flow and $36/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $733/mo payment keeps the spread at $36/mo. Purchase price stands at $149,777, and rental yield measures 9.98% with $1,246/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $41,381 over five years. Five-year ROI reaches 110.1% and total cumulative return in cash records $54,668. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $733/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
5,011 sqft lot
$N/A/sqft
$216 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34287, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,319 (100%) |
| Owner Occupied HU | 10,209 (66.6%) |
| Renter Occupied HU | 2,513 (16.4%) |
| Vacant Housing Units | 2,597 (17.0%) |
| Median Home Value | $334,638 |
| Average Home Value | $374,079 |
Housing Distribution
Address Breakdown
Residential
14,228
Single Family
13,862
Multi-Family
366
Businesses
459
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Listed by: Vince Fuda • PRESTIGE HOME REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #N6134157
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