530 Palmetto Dr NE

Port Charlotte, FL 33952
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2 bd, 1 ba | 1,127 sqft | Built in 1958

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List Price
$274,900

Initial Investment

$74,910

Purchase Price

$274,900

Down Payment

25%

Rent

$1,870

Total Return

$160,554

Annualized Return

24.7%

Cap Rate

4.5%

Gross Yield

8.2%

Cash Flow

-$3,362

Appreciation

10.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,042

HOA

None

Flood Risk

High Risk - Zone AE

Nestled in the heart of Port Charlotte, this charming 2-bedroom, 1-bathroom waterfront bungalow home presents an exceptional opportunity for first-time homeowners, winter retreat or maybe savvy investors. Quick boating access out to Charlotte Harbor and the Gulf. Boasting a plethora of updates, this meticulously maintained property offers a seamless blend of modern comforts. Upon entering, you'll be greeted by an open-concept floor plan that is the living room that effortlessly flows into the dining area and kitchen. The tiled flooring throughout ensures easy maintenance. The updated, expanded kitchen features granite countertops with matching subway tiles backsplash, white shaker-style cabinets, and stainless-steel appliances, including a gas range. Both bedrooms offer built-in closets for ample storage, with one bedroom providing slider access to a private patio area, perfect for enjoying morning coffee or evening sunsets. The brand-new bathroom boasts pedestal style sink, a luxurious walk-in shower with dual head shower head and a frameless glass door/wall. For additional storage needs, a new detached 8x10 shed ensures a clutter-free home. The property is equipped with hurricane protection and a new roof installed in 2017, providing peace of mind during storm season. The home also features a newer A/C unit installed in 2021, ensuring year-round comfort. A new 120-gallon LP Gas services the range and hot water heater. Outside, the large partially fenced backyard offers plenty of space for outdoor activities and entertaining, with the potential to add a pool or host barbecues. With city water/sewer connections, convenience is key. Centrally located between North Port and Punta Gorda, this home provides easy access to sandy beaches, entertainment, shopping, restaurants, and major thoroughfares such as I-75 and US-41.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$21,318

Expenses

-$4,785

Property Taxes

-$4,950

Loan Payments

-$14,945

Net Cash Flow

-$3,362

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Christopher Grant
Agent License 3238094
RE/MAX ANCHOR OF MARINA PARK
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7491257
Last Updated: 04/19/2024 17:04
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