21427 Michigan AvePort CharlotteFL33952
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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 Port Charlotte at 21427 Michigan Ave, Port Charlotte, FL, 33952 uses $71,770 cash to close to unlock $2,078/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,629/mo, and a $1,060/mo payment keeps the spread at $173/mo. Purchase price stands at $216,500, and rental yield measures 9.03% with $1,629/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $59,815 over five years. Five-year ROI reaches 119.12% and total cumulative return in cash records $85,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,629/mo property income covering a $1,060/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,025 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33952, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,784 (100%) |
| Owner Occupied HU | 10,981 (65.4%) |
| Renter Occupied HU | 3,447 (20.5%) |
| Vacant Housing Units | 2,356 (14.0%) |
| Median Home Value | $300,977 |
| Average Home Value | $393,134 |
Housing Distribution
Address Breakdown
Residential
15,323
Single Family
14,224
Multi-Family
1,099
Businesses
719
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Listed by: Billy Jones • BARNES & PHILLIPS REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7487222
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