1075 Hancock Creek South Blvd APT 103Cape 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
Rental property for sale in Cape Coral at 1075 Hancock Creek South Blvd APT 103, Cape Coral, FL, 33909 generates $2,011/mo in rent and, after a $925/mo payment, leaves $159/mo in cash flow. Total monthly income is $2,011/mo, and annual cash flow is $1,907/yr on $62,616 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 12.78% on a $188,888 entry. Equity gained on principal adds $1,219/yr, while 5% annual appreciation builds toward $52,186 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash sums $77,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,011/mo property income rather than buyer’s personal income.
Condo
Built in 2007
5,318 sqft lot
$N/A/sqft
$6,240 annually 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: Lilyann Haugse • EXP Realty, LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224088208
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.