16 SE 24th AveCape 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
Investment property for sale in Cape Coral at 16 SE 24th Ave, Cape Coral, FL, 33990 earns from $1,921/mo rent with a $1,760/mo payment. Total monthly income totals $1,921/mo. ROI tracks 15.23% on current figures, and rental yield reads 6.41% at a $359,500 purchase. Equity gained on principal adds $2,320/yr, and 5% annual appreciation supports $99,323 over five years. Five-year ROI reaches 78.31% and total cumulative return in cash sums $93,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,921/mo property income instead of your personal income.
Multi Family
Built in 1983
10,018 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: Sharon Spencer • LocateHomes.com
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025007247
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.