6753 Thorman RdPt CharlotteFL33981
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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 6753 Thorman Rd, Pt Charlotte, FL, 33981 priced at $224,900 converts $1,923/mo rent into $430/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,923/mo, and annual cash flow totals $5,164/yr on $74,554 invested. Return on cash invested prints 26.83% in year one, and rental yield reads 10.26% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 140.61% and total cumulative return in cash sums $104,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,923/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33981, Port Charlotte, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,365 (100%) |
| Owner Occupied HU | 6,914 (73.8%) |
| Renter Occupied HU | 644 ( 6.9%) |
| Vacant Housing Units | 1,807 (19.3%) |
| Median Home Value | $475,000 |
| Average Home Value | $544,816 |
Housing Distribution
Address Breakdown
Residential
8,790
Single Family
8,789
Multi-Family
1
Businesses
112
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Listed by: LeeAnn Alexander • RE/MAX PALM REALTY
Mls Name: Stellar MLS
Mls ID: #C7509307