74 Ocean Dr
Punta Gorda, FL 33950
List Price
$399,000
Initial Investment
$108,728Purchase Price
$399,000
Down Payment
25%
Rent
$1,890
Total Return
$240,215
Annualized Return
23.9%
Cap Rate
3.0%
Gross Yield
5.7%
Cash Flow
-$10,674
Appreciation
12.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
9,599
HOA
None
Flood Risk
High Risk - Zone AE
Beautiful Waterfront Location in exclusive Punta Gorda Isles! Boater’s Utopia with 80’ of sailboat waterfront property equipped with a concrete seawall that’s maintained by the City of Punta Gorda. Only minutes to Charlotte Harbor and then out to the gorgeous Gulf of Mexico! Home is being sold AS IS. Repairs needed due to damage from Hurricane Ian. Sellers inherited the house and have never lived in the home. This fixer-upper is a blank canvas just waiting for your creative touch to become your dream home. Take advantage of this amazing opportunity in this desirable location. Relish living in this amazing community located near EVERYTHING…US-41, I-75, schools, shopping, and dining. Just minutes to Fisherman’s Village and The Farmers Market, open every Saturday from 8am-1pm. Close to Sunseekers Resorts, the new waterfront oasis. Convenient access to a magnitude of golf courses, world-class fishing, boating, and stunning Gulf beaches!
See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417
Annual Financial Highlights
Expected Rent
$21,546Expenses
-$5,529Property Taxes
-$5,000Loan Payments
-$21,692Net Cash Flow
-$10,674See 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:Laurie Zobel
ZOBEL REAL ESTATE, INC.
ZOBEL REAL ESTATE, INC.
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7490507
Last Updated: 04/12/2024 23:04
MLS #C7490507
Last Updated: 04/12/2024 23:04