1004 NE 3rd AveCape CoralFL33909
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cape Coral at 1004 NE 3rd Ave, Cape Coral, FL, 33909 priced at $310,900 pairs $2,845/mo rent with $356/mo cash flow after a $1,522/mo payment. Total monthly income equals $2,845/mo, and annual cash flow comes to $4,267/yr on $103,063 invested. Return on cash invested is 24.05% in year one, and rental yield stands at 10.98% on a $310,900 basis. Equity gained on principal adds $2,006/yr, and 5% annual appreciation accumulates to $85,896 by year five. Five-year ROI measures 127.45% and total cumulative return in cash reaches $131,354. For financing, Ziffy Mortgage’s DSCR program evaluates $2,845/mo property income against a $1,522/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33909, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,288 (100%) |
| Owner Occupied HU | 10,972 (67.4%) |
| Renter Occupied HU | 3,948 (24.2%) |
| Vacant Housing Units | 1,368 ( 8.4%) |
| Median Home Value | $382,898 |
| Average Home Value | $458,877 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
15,214
Multi-Family
627
Businesses
912
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A