1005 SE 40th St APT 2Cape CoralFL33904
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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
Total monthly income runs $1,664/mo, and a $930/mo payment. Purchase price stands at $189,999, and rental yield measures 10.51% with $1,664/mo rent. Return on cash invested shows 13.78% in year one, and 5% annual appreciation builds toward $52,493 over five years. Five-year ROI reaches 75.62% and total cumulative return in cash records $47,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,664/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1982
6,586 sqft lot
$N/A/sqft
$8,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33904, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,936 (100%) |
| Owner Occupied HU | 12,680 (60.6%) |
| Renter Occupied HU | 3,717 (17.8%) |
| Vacant Housing Units | 4,539 (21.7%) |
| Median Home Value | $470,794 |
| Average Home Value | $549,863 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
14,544
Multi-Family
3,295
Businesses
1,038
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Listed by: Heather Porrett • Miloff Aubuchon Realty Group
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224096647
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.