1029 NE 43rd TerCape CoralFL33909
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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 1029 NE 43rd Ter, Cape Coral, FL, 33909 uses $82,544 cash to close to unlock $6,254/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,219/mo payment keeps the spread at $521/mo. Purchase price stands at $249,000, and rental yield measures 11.48% with $2,383/mo rent. Return on cash invested shows 27.49% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 145.21% and total cumulative return in cash records $119,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 2006
10,018 sqft 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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Listed by: Valerie Busic • Legacy Premier Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225046772
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.