1313 SW 16th Ter APT 101Cape CoralFL33991
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 1313 SW 16th Ter APT 101, Cape Coral, FL, 33991 in Cape Coral clears it at 1.94, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.21%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $54,980; $1,833/yr in principal equity; total projected return: $66,846.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $(391) | $800 |
City averages based on Cape Coral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,737 |
| Total Monthly Debt Service | $1,838 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
N/A lot
$N/A/sqft
$6,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33991, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 8,953 (69.8%) |
| Renter Occupied HU | 2,396 (18.7%) |
| Vacant Housing Units | 1,469 (11.5%) |
| Median Home Value | $443,489 |
| Average Home Value | $495,286 |
Housing Distribution
Address Breakdown
Residential
12,946
Single Family
12,538
Multi-Family
408
Businesses
599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1982
N/A lot
$N/A/sqft
$6,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33991, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 8,953 (69.8%) |
| Renter Occupied HU | 2,396 (18.7%) |
| Vacant Housing Units | 1,469 (11.5%) |
| Median Home Value | $443,489 |
| Average Home Value | $495,286 |
Housing Distribution
Address Breakdown
Residential
12,946
Single Family
12,538
Multi-Family
408
Businesses
599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sondra Budde • SellState Excelsior Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225052015
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.