220 Coldeway Dr APT 123Punta GordaFL33950
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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 220 Coldeway Dr APT 123, Punta Gorda, FL, 33950 uses $92,787 cash to close to unlock $402/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $1,370/mo payment keeps the spread at $34/mo. Purchase price stands at $279,900, and rental yield measures 8.11% with $1,891/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 105.78% and total cumulative return in cash records $98,149. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 1988
1,226 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33950, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 10,954 (63.8%) |
| Renter Occupied HU | 2,397 (14.0%) |
| Vacant Housing Units | 3,818 (22.2%) |
| Median Home Value | $518,242 |
| Average Home Value | $558,414 |
Housing Distribution
Address Breakdown
Residential
16,167
Single Family
13,208
Multi-Family
2,959
Businesses
1,049
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Listed by: Kelley Rubin Brummeler • RE/MAX PALM REALTY
Mls Name: Stellar MLS
Mls ID: #C7517152