580 Fairmount DrNorth PortFL34287
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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 North Port at 580 Fairmount Dr, North Port, FL, 34287 priced at $199,000 converts $1,981/mo rent into $660/mo cash flow after a $974/mo obligation. Total monthly income equals $1,981/mo, and annual cash flow totals $7,925/yr on $65,969 invested. Return on cash invested prints 31.92% in year one, and rental yield reads 11.95% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 167.87% and total cumulative return in cash sums $110,742. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,981/mo property income covering a $974/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
8,522 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34287, North Port, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,319 (100%) |
| Owner Occupied HU | 10,209 (66.6%) |
| Renter Occupied HU | 2,513 (16.4%) |
| Vacant Housing Units | 2,597 (17.0%) |
| Median Home Value | $334,638 |
| Average Home Value | $374,079 |
Housing Distribution
Address Breakdown
Residential
14,228
Single Family
13,862
Multi-Family
366
Businesses
459
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Listed by: Dena Sternquist PA • REALTY ONE GROUP MVP
Mls Name: Stellar MLS
Mls ID: #C7512847