798 Fairmount DrNorth PortFL34287
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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 North Port at 798 Fairmount Dr, North Port, FL, 34287 offers a 9.22% rental yield on a $129,900 purchase with $998/mo rent. Total monthly income registers $998/mo, and a $636/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,629/yr on $43,062 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 123.75% and total cumulative return in cash at $53,287. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $998/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
7,036 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: Mindy Buckley • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #N6138675