247 Horizon RdPunta GordaFL33982
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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
Rental property for sale in Punta Gorda at 247 Horizon Rd, Punta Gorda, FL, 33982 priced at $173,000 pairs $1,321/mo rent with $173/mo cash flow after a $847/mo payment. Total monthly income equals $1,321/mo, and annual cash flow comes to $2,072/yr on $57,350 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 9.16% on a $173,000 basis. Equity gained on principal adds $1,116/yr, and 5% annual appreciation accumulates to $47,797 by year five. Five-year ROI measures 122.83% and total cumulative return in cash reaches $70,443. For financing, Ziffy Mortgage’s DSCR program evaluates $1,321/mo property income against a $847/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33982, Punta Gorda, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,459 (100%) |
| Owner Occupied HU | 7,348 (70.3%) |
| Renter Occupied HU | 838 ( 8.0%) |
| Vacant Housing Units | 2,273 (21.7%) |
| Median Home Value | $373,056 |
| Average Home Value | $411,551 |
Housing Distribution
Address Breakdown
Residential
8,066
Single Family
6,889
Multi-Family
1,177
Businesses
312
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Listed by: Tess Bockes • EXIT KING REALTY
Mls Name: EXIT Realty broker feed
Mls ID: #A4680735