1612 Covington Meadows CirLehigh AcresFL33936
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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 Lehigh Acres at 1612 Covington Meadows Cir, Lehigh Acres, FL, 33936 listed at $276,900 pairs $1,951/mo rent with a $1,355/mo payment to leave $114/mo cash flow. Total monthly income runs $1,951/mo, and annual cash flow reaches $1,365/yr on $91,792 cash to close. Return on cash invested measures 21.4% in year one, and rental yield registers 8.46% at a $276,900 basis. Equity gained on principal adds $1,787/yr, and annual property appreciation at 5% supports $76,502 by year five. Five-year ROI tracks 111.4% and total cumulative return in cash totals $102,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,951/mo property income relative to a $1,355/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
10,572 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33936, Lehigh Acres, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,571 (100%) |
| Owner Occupied HU | 7,502 (64.8%) |
| Renter Occupied HU | 3,059 (26.4%) |
| Vacant Housing Units | 1,010 ( 8.7%) |
| Median Home Value | $292,585 |
| Average Home Value | $314,926 |
Housing Distribution
Address Breakdown
Residential
10,770
Single Family
9,997
Multi-Family
773
Businesses
388
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Listed by: Fred Elliott • Coldwell Banker Preferred Properties
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225056035
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.