357 Lenoir St NWPt CharlotteFL33948
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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
Investment Highlights
Rental property for sale in Pt Charlotte at 357 Lenoir St NW, Pt Charlotte, FL, 33948 priced at $209,500 pairs $1,435/mo rent with $45/mo cash flow after a $1,025/mo payment. Total monthly income equals $1,435/mo, and annual cash flow comes to $541/yr on $69,449 invested. Return on cash invested is 20.69% in year one, and rental yield stands at 8.22% on a $209,500 basis. Equity gained on principal adds $1,352/yr, and 5% annual appreciation accumulates to $57,881 by year five. Five-year ROI measures 107.67% and total cumulative return in cash reaches $74,775. For financing, Ziffy Mortgage’s DSCR program evaluates $1,435/mo property income against a $1,025/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
9,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33948, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,689 (100%) |
| Owner Occupied HU | 6,388 (73.5%) |
| Renter Occupied HU | 1,244 (14.3%) |
| Vacant Housing Units | 1,057 (12.2%) |
| Median Home Value | $404,052 |
| Average Home Value | $468,545 |
Housing Distribution
Address Breakdown
Residential
9,126
Single Family
7,571
Multi-Family
1,555
Businesses
546
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Listed by: Lorrie Tanksley • RE/MAX HARBOR REALTY
Mls Name: Stellar MLS
Mls ID: #C7517214