1602 NW 28th StCape CoralFL33993
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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 NW 28th St, Cape Coral, FL, 33993 offers a 10.58% rental yield on a $315,000 purchase with $2,777/mo rent. Total monthly income registers $2,777/mo, and a $1,542/mo payment leaves $686/mo available for distribution. Annual cash flow reaches $8,236/yr on $104,423 to close, and return on cash invested stands at 27.8% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 145.76% and total cumulative return in cash at $152,201. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,777/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33993, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,167 (100%) |
| Owner Occupied HU | 10,975 (72.4%) |
| Renter Occupied HU | 2,421 (16.0%) |
| Vacant Housing Units | 1,771 (11.7%) |
| Median Home Value | $395,224 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
15,574
Single Family
15,543
Multi-Family
31
Businesses
111
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Listed by: Robert Salmons • Entera Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025003766