1120 SE 46th St APT 1CCape 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 1120 SE 46th St APT 1C, Cape Coral, FL, 33904 earns from $2,104/mo rent with a $1,160/mo payment. Total monthly income totals $2,104/mo. ROI tracks 14.94% on current figures, and rental yield reads 10.65% at a $237,000 purchase. Equity gained on principal adds $1,529/yr, and 5% annual appreciation supports $65,479 over five years. Five-year ROI reaches 81.54% and total cumulative return in cash sums $64,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,104/mo property income instead of your personal income.
Condo
Built in 1976
8,707 sqft lot
$N/A/sqft
$8,760 annually 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: Mary Beth Gentile • Royal Shell Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224078614
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.