383 Waterside St

Port Charlotte, FL 33954
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2 bd, 2 ba | 2,078 sqft | Built in 1986

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List Price
$259,900

$10K

Initial Investment

$70,823

Purchase Price

$259,900

Down Payment

25%

Rent

$2,320

Total Return

$217,242

Annualized Return

33.5%

Cap Rate

6.7%

Gross Yield

10.7%

Cash Flow

$2,258

Appreciation

12.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,999

HOA

None

Flood Risk

Not Required

A HIDDEN GEM with room to make it your own! The floor plan of this home is excellent! With amenities such as a BRAND NEW ROOF, ample closet space, and located in an X FLOOD ZONE, most lenders do not require flood insurance. The opportunity for hosting is boundless with a spacious living/dining area! The kitchen is large as well with an eat-in area and pass-through window to the Florida room, which can serve as a versatile all-season bonus space for family gatherings, a home office, or a gaming den. Both bedrooms are generously sized with one bathroom featuring a shower and the other a bathtub/shower combo. With tile throughout it's perfect for hosting, families or your furry friends! The large backyard has plenty of room to make it your own. Add in a lounge set, and a firepit, PLUS there is plenty of room for a pool!
NO HOA! If you want a fence, RV, or boat storage, no problem! The garage door is hurricane-rated, and the washer and dryer have dedicated space in the 2-car garage, offering ample cabinet storage. This home has great potential to be an excellent investment opportunity, especially in an area where short-term rentals are permitted or rather the home of your dreams! Schedule your showing today.

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

Annual Financial Highlights

Expected Rent

$26,448

Expenses

-$5,160

Property Taxes

-$4,900

Loan Payments

-$14,130

Net Cash Flow

$2,258

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:Michele Weed
Agent License 3220692
SELLSTATE VISION REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7491989
Last Updated: 05/14/2024 15:05
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