1602 NE 34th LnCape CoralFL33909
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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 1602 NE 34th Ln, Cape Coral, FL, 33909 earns $158/mo cash flow from $2,465/mo rent with a $1,542/mo payment. Total monthly income totals $2,465/mo, and annual cash flow totals $1,897/yr on $104,423 capital. ROI tracks 21.73% on current figures, and rental yield reads 9.39% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 114.12% and total cumulative return in cash sums $119,165. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,465/mo property income instead of your personal income.
Single Family
Built in 2016
10,001 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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