1117 NE 2nd Place CpeCoralFL33909
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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 Coral at 1117 NE 2nd Place Cpe, Coral, FL, 33909 listed at $354,900 pairs $4,573/mo rent with a $1,737/mo payment to leave $2,218/mo cash flow. Total monthly income runs $4,573/mo, and annual cash flow reaches $26,615/yr on $117,649 cash to close. Return on cash invested measures 42.53% in year one, and rental yield registers 15.46% at a $354,900 basis. Equity gained on principal adds $2,290/yr, and annual property appreciation at 5% supports $98,052 by year five. Five-year ROI tracks 224.74% and total cumulative return in cash totals $264,400. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,573/mo property income relative to a $1,737/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
10,629 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: Cheri Murphy • SECOND AVENUE REALTY FLORIDA
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #T3457553
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511