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$199,000

For Sale - Active
18348 Yale Ave, Port Charlotte, FL 33948
2 Beds
2 Baths
1,225 Square Feet
0.23 Acres Lot
Built in 1972
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jul 09, 2025 at 03:34AM

Investment Summary


Monthly Cash Flow
$70
Cap Rate
6.6%
Cash-on-Cash Return
1.8%
Debt Coverage Ratio
1.07
Internal Rate of Return (5 years)
5.8%

Property Description


0.23 Acres Lot
Built in 1972
For Sale - Active
1 Units

Presenting a sturdy clean house in a Central Location on a very quiet street. Close to the Port Charlotte Mall, Tamiami Trail (US-41), I-75, Punta Gorda Airport and Venice. It did not flood during any storm. Roof is two years old as are the rear windows.....Public water supply eliminates the need or worry of having a well.....Solid terrazzo floors throughout.....The lanai-Florida room has been enclosed and air conditioned to offer a more open living environment.....The primary bedroom has its own private bathroom and features sliding doors leading into the extended living area. The back yard is spacious, includes a finished fire pit as well as ample room for a pool. The patio area is partially covered and gives those using it a surprising amount of privacy....The primary shed is powered by electricity and has an attached ramp to allow lawnmower access..... There is a car port on the side of the house to park another car or boat and space for a motor home....The garage is roomy enough for a car, a golf cart, tools, snowblower and shelving for all of your Christmas decorations.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 402218252021
  • Lot Size: 10000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1972

Tax Information

  • Annual Tax: $1,838

Utilities

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

Location

  • County: Charlotte

Listing Details


Listed by:
Bob Keir
KELLER WILLIAMS ON THE WATER S
(412) 977-3064

Source:
Stellar MLS
MLS#: A4644328
Stellar MLS

Investment Summary


Monthly Cash Flow
$70
Cap Rate
6.6%
Cash-on-Cash Return
1.8%
Debt Coverage Ratio
1.07
Internal Rate of Return (5 years)
5.8%

Purchase Details

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Purchase price:
$199,000
Amount financed:
-$159,200
Down payment:
$39,800
Closing costs:
$5,970
Rehab costs:
$0
Initial cash invested:
$45,770
Square feet:
1,225
Cost per square foot:
$162
Monthly rent per square foot:
$1.47

Financing Details

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Loan amount:
$159,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,019
Property tax:
$153
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,298

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$153-$1,839
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$603-$7,239

Cash Flow


Monthly Yearly
Net operating income:
$1,089 $13,068
Mortgage payments:
-$1,019 -$12,228
Cash flow:
$70 $840