3409 Elkrem AveNorth PortFL34286
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3409 Elkrem Ave, North Port, FL, 34286 in North Port fits: $824,900, 5.21% gross yield, and a projected 5% annual appreciation rate adding $227,905 in value within five years. Rental yield 5.21%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.97) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $7,597/yr in principal paydown and $227,905 in appreciation project a total return of $192,804.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.5% |
| Monthly Cash Flow | $(1,890) | $350 |
City averages based on North Port market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,584 |
| Total Monthly Debt Service | $5,146 |
| 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 1990
6.02 Acres lot
$N/A/sqft
No HOA
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 1990
6.02 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Ann Stewart, PA • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls ID: #N6142684