For SaleRisky Deal8 days on market
589 RIDGECREST DRIVE
589 RIDGECREST DRIVE, PUNTA GORDA, FL 33982, Punta Gorda, FL 33982
$309,000
Estimate®:$301,500
Listing Price
589 RIDGECREST DRIVE, PUNTA GORDA, FL 33982
Loc: Punta Gorda, FL
Days Listed
8
Tax Assessed
$403k
Estimate®
$302k
Market Rate
Lot Size
0.68 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
East Elementary School
PK-5
5.9 mi away
4
Punta Gorda Middle School
6-8
7.5 mi away
5
Charlotte High School
9-12
7.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storystucco exteriorattached garagelarge drivewaymanicured lawnsuburbanresidentialcovered porchlight yellow exteriorhip rooffront yardwell-maintained landscaping
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.51%
Total ROI
78.6%
Cash Flow
$-184/mo
DSCR
0.89
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-184/mo net cash flow with a 5.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.5%)
- • Strong rental demand in Punta Gorda
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-16 | Listed for sale | $309,000 | $168 |
| 2026-05-05 | Sold | $203,900 | $111 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $929.23 | $199,402 |
| 2024 | $1,117.7 | $193,782 |
| 2023 | $1,051.78 | $188,138 |
| 2022 | $979.73 | $182,658 |
| 2021 | $969.13 | $177,338 |
| 2020 | $916.44 | $174,890 |
| 2019 | $846.58 | $170,958 |
| 2018 | $789.35 | $167,770 |
| 2017 | $789.35 | $164,319 |
| 2016 | $776.37 | $160,939 |
| 2015 | $763.89 | $159,820 |
| 2014 | $739.93 | $158,552 |
| 2013 | $0 | $153,598 |
| 2012 | $0 | $149,124 |
| 2011 | $0 | $149,124 |
| 2010 | $0 | $146,920 |
| 2007 | $0 | $62,832 |
| 2006 | $0 | $62,832 |
| 2005 | $0 | $69,835 |
| 2004 | $0 | $68,533 |
| 2003 | $0 | $68,533 |
| 2002 | $379.98 | $66,927 |
| 2001 | $329.21 | $65,873 |
| 2000 | $313.61 | $63,954 |
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