2704 Gaspar AveNorth PortFL34288
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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 North Port at 2704 Gaspar Ave, North Port, FL, 34288 priced at $394,899 converts $3,062/mo rent into $441/mo cash flow after a $1,933/mo obligation. Total monthly income equals $3,062/mo, and annual cash flow totals $5,295/yr on $130,909 invested. Return on cash invested prints 23.95% in year one, and rental yield reads 9.3% against a $394,899 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,103 by year five. Five-year ROI reaches 125.14% and total cumulative return in cash sums $163,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,062/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34288, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,751 (100%) |
| Owner Occupied HU | 4,901 (72.6%) |
| Renter Occupied HU | 1,279 (18.9%) |
| Vacant Housing Units | 571 ( 8.5%) |
| Median Home Value | $405,293 |
| Average Home Value | $484,339 |
Housing Distribution
Address Breakdown
Residential
7,260
Single Family
6,874
Multi-Family
386
Businesses
89
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Listed by: Danielle Gillis • EXIT KING REALTY
Mls Name: Stellar MLS
Mls ID: #A4652500