2140 Heron Lake Dr UNIT 302Punta 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 2140 Heron Lake Dr UNIT 302, Punta Gorda, FL, 33983 listed at $159,000 pairs $1,628/mo rent with a $778/mo payment to leave $573/mo cash flow. Total monthly income runs $1,628/mo, and annual cash flow reaches $6,877/yr on $52,709 cash to close. Return on cash invested measures 32.96% in year one, and rental yield registers 12.29% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 173.48% and total cumulative return in cash totals $91,440. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,628/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A 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: Patricia Larsen • UNITED REAL ESTATE PREFERRED
Mls Name: Stellar MLS
Mls ID: #C7518634