8421 Norbert AveNorth 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
Investment property for sale in North Port at 8421 Norbert Ave, North Port, FL, 34287 offers a 8.01% rental yield on a $359,900 purchase with $2,401/mo rent. Total monthly income registers $2,401/mo, and a $1,762/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $146/yr on $119,307 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 104.11% and total cumulative return in cash at $124,214. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,401/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
10,000 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: Biljana McGinn • COLDWELL BANKER SUNSTAR REALTY
Mls Name: Stellar MLS
Mls ID: #C7518372