$360,000
Investment Summary
- Monthly Cash Flow
- -$652
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.4%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.2%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Now offered at just $360,000, 392 Yeager Street presents one of the best values in Port Charlotte for a three-bedroom, two-and-a-half-bath pool home with nearly 2,000 square feet of living space, extensive upgrades, and exceptional energy efficiency. Priced at just $187.98 per square foot, this home stands out among its competition—not just in price, but in long-term savings and lifestyle features. The seller will pay off the entire $70,400 solar loan at closing, transferring full ownership of a 17.1 KW solar system installed in 2021. This results in dramatically reduced utility costs, with the current owners paying only $74 per month in total fixed charges, compared to $350 to $450 per month for similarly sized homes without solar. These savings begin on day one. Inside, the home offers 1,915 square feet of living space plus 259 square feet of covered outdoor living. A vaulted ceiling design and split-bedroom floorplan create an open and functional layout. The living room features bright bow-framed windows, and the professionally converted garage adds a spacious sunken family room complete with a jet tub and half bath, perfect for guests, in-laws, or a home office. While the home no longer has a traditional garage, the added living area and abundant outdoor storage more than compensate. The kitchen was renovated in 2022 with earthstone countertops, a tiled backsplash, recessed lighting, and a walk-in pantry. Luxury vinyl plank flooring extends through the kitchen, living room, and family room, creating continuity and ease of maintenance. Key recent updates include a new roof in 2022, an HVAC system in 2020, an updated electrical panel, and a pool heat pump installed in 2019. Step outside to enjoy a true backyard oasis. The 338-square-foot heated Gunite pool with PebbleTec finish is enclosed in a 651-square-foot screened aluminum cage. The outdoor living space includes a shaded 209-square-foot lanai, a raised deck with swing, a tranquil fishpond, and a hot tub. Two outbuildings—a 12x24 Handi-House workshop and an additional shed, both with garage doors—offer ample space for hobbies, tools, and equipment. Situated on a quiet, low-traffic residential street, this home is not in a flood zone and has never sustained hurricane damage. It is just one block from Liberty Elementary School and within convenient distance of shopping, parks, and local attractions, including Port Charlotte Beach Park (5.7 miles), Fisherman’s Village in Punta Gorda (9.2 miles), Englewood Beach and Manasota Key (20 miles), and Boca Grande (26 miles). The seller is also offering to pay half of the owner's title policy at closing, adding extra value for buyers in today’s market. With its rare combination of energy efficiency, recent updates, generous outdoor living space, and strong price-per-square-foot value, this home stands out among the competition. Schedule your private showing today and experience all that 392 Yeager Street has to offer.
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Location
Property Details
Parking
- Description: Converted Garage, Driveway, Off Street, On Street
- Details: Converted Garage, Driveway, Off Street
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 12
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Concrete Block
- Foundation: Slab
- Roof Material: Shingle
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 402204452001
- Lot Size: 10001 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch, Traditional
- Year Built: 1987
Tax Information
- Annual Tax: $3,422
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Charlotte
Listing Details
Investment Summary
- Monthly Cash Flow
- -$652
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -9.4%
- Debt Coverage Ratio
- 0.65
- Internal Rate of Return (5 years)
- -5.2%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $360,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$288,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $72,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $10,800 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $82,800 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,915 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $188 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.15 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $288,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.840% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $1,885 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $285 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $154 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $2,324 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 13% | -$285 | -$3,422 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$154 | -$1,848 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$176 | -$2,112 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$110 | -$1,320 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$110 | -$1,320 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 38% | -$835 | -$10,022 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,233 | $14,796 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$1,885 | -$22,620 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $652 | $7,824 |