648 Myra LnPt CharlotteFL33948
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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
Investment property for sale in Pt Charlotte at 648 Myra Ln, Pt Charlotte, FL, 33948 with 5% annual appreciation on a $379,000 basis while $2,612/mo rent supports operations. Total monthly income totals $2,612/mo and a $1,855/mo payment preserves $97/mo for cash returns. Annual cash flow comes to $1,163/yr on $125,639 deployed, and return on cash invested reaches 20.83% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 8.27%. Five-year ROI measures 108.38% and total cumulative return in cash totals $136,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,612/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.34 Acres 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: John Gettle, III • JOHN HARDING REALTY
Mls Name: Stellar MLS
Mls ID: #A4662283