1005 SE 40th St APT 4Cape 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
Investment property for sale in Cape Coral at 1005 SE 40th St APT 4, Cape Coral, FL, 33904 offers a 9.4% rental yield on a $169,000 purchase with $1,324/mo rent. Total monthly income registers $1,324/mo, and a $827/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,432/yr on $56,024 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 126.71% and total cumulative return in cash at $70,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,324/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
No 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: Florida Gulf Coast MLS
Mls ID: #2025013595