2624 Charter Oak DrNorth PortFL34289
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play2624 Charter Oak Dr, North Port, FL, 34289 in North Port is priced for appreciation, not yield. Rental yield 5.28%. At $599,000 with a 5.28% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $165,493 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.98) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $142,036.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.5% |
| Monthly Cash Flow | $(1,341) | $350 |
City averages based on North Port market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,634 |
| Total Monthly Debt Service | $3,737 |
| DSCR Ratio | 0.70x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
6,165 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34289, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,612 (71.6%) |
| Renter Occupied HU | 376 (16.7%) |
| Vacant Housing Units | 262 (11.6%) |
| Median Home Value | $412,834 |
| Average Home Value | $402,249 |
Housing Distribution
Address Breakdown
Residential
2,044
Single Family
1,644
Multi-Family
400
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2022
6,165 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34289, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,612 (71.6%) |
| Renter Occupied HU | 376 (16.7%) |
| Vacant Housing Units | 262 (11.6%) |
| Median Home Value | $412,834 |
| Average Home Value | $402,249 |
Housing Distribution
Address Breakdown
Residential
2,044
Single Family
1,644
Multi-Family
400
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ralph Harvey • LISTWITHFREEDOM.COM
Mls Name: Stellar MLS
Mls ID: #W7880158