120 SE 3rd TerCape CoralFL33990
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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 120 SE 3rd Ter, Cape Coral, FL, 33990 priced at $302,550 converts $2,430/mo rent into $422/mo cash flow after a $1,481/mo obligation. Total monthly income equals $2,430/mo, and annual cash flow totals $5,065/yr on $100,295 invested. Return on cash invested prints 24.96% in year one, and rental yield reads 9.64% against a $302,550 entry. Equity gained on principal adds $1,952/yr, while 5% annual appreciation compiles into $83,589 by year five. Five-year ROI reaches 130.54% and total cumulative return in cash sums $130,928. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,430/mo property income covering a $1,481/mo payment, not borrower’s personal income.
Single Family
Built in 1990
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33990, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,740 (100%) |
| Owner Occupied HU | 9,577 (65.0%) |
| Renter Occupied HU | 3,818 (25.9%) |
| Vacant Housing Units | 1,345 ( 9.1%) |
| Median Home Value | $428,028 |
| Average Home Value | $484,812 |
Housing Distribution
Address Breakdown
Residential
14,595
Single Family
14,177
Multi-Family
418
Businesses
857
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Listed by: Ian Maduro • RE/MAX Trend
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224047569
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.