1018 SE 38th St APT 101Cape CoralFL33904
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 1018 SE 38th St APT 101, Cape Coral, FL, 33904 in Cape Coral aligned with their strategy. Rental yield 6.34%. DSCR 1.17 and 6.34% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,850/yr in paydown build toward a projected cumulative return of $122,860.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.5% |
| Monthly Cash Flow | $(1,081) | $800 |
City averages based on Cape Coral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,208 |
| Total Monthly Debt Service | $2,608 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
6,155 sqft 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
Nearby investment properties with comparable rents
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
Condo
Built in 2002
6,155 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026009883