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$180,000

For Sale - Active
180 Palmetto Cir NE, Port Charlotte, FL 33952
2 Beds
1 Bath
960 Square Feet
0.21 Acres Lot
Built in 1958
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 22, 2025 at 10:44AM

Investment Summary


Monthly Cash Flow
$114
Cap Rate
6.9%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
7.2%

Property Description


0.21 Acres Lot
Built in 1958
For Sale - Active
1 Units

Welcome to your piece of paradise! This move in ready home has been well maintained and owner occupied for the last 15 years and had a new metal roof installed in 2015 with many years of left life. The property is centrally located with nearby shopping, dining, and entertainment. NO HOA fees or deed restrictions! The back yard is oversized with multiple mature fruit trees and more than enough room to add a pool if desired. Upon entering the home you will be greeted by a surprisingly spacious living room with a nearby bonus room/office to the left and a dining room to the right. The bonus room could easily be converted to a 3rd bedroom. The kitchen has solid wood cabinets and a large pantry along with access to the carport. The master bedroom is among the largest bedroom found in homes of this size giving you more than enough space for a king bedroom set and the guest bedroom is also well sized! The bathroom features a shower tub combo and there is an exterior laundry room attached to the carport. Contact your agent today for a private showing, affordable move in ready options like this don’t last long!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 402227259005
  • Lot Size: 8934 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1958

Tax Information

  • Annual Tax: $810

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Charlotte

Listing Details


Listed by:
Jesse DeMello
RE/MAX PALM REALTY
(941) 626-7444

Source:
Stellar MLS
MLS#: C7511661
Stellar MLS

Investment Summary


Monthly Cash Flow
$114
Cap Rate
6.9%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
7.2%

Purchase Details

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Purchase price:
$180,000
Amount financed:
-$144,000
Down payment:
$36,000
Closing costs:
$5,400
Rehab costs:
$0
Initial cash invested:
$41,400
Square feet:
960
Cost per square foot:
$188
Monthly rent per square foot:
$1.67

Financing Details

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Loan amount:
$144,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$922
Property tax:
$68
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,102

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$68-$810
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$468-$5,610

Cash Flow


Monthly Yearly
Net operating income:
$1,036 $12,432
Mortgage payments:
-$922 -$11,064
Cash flow:
$114 $1,368