1624 Covington Meadows Cir APT 102Lehigh 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 1624 Covington Meadows Cir APT 102, Lehigh Acres, FL, 33936 uses $63,615 cash to close to unlock $17,925/yr annual cash flow and $1,494/mo monthly cash flow. Total monthly income runs $3,077/mo, and a $939/mo payment keeps the spread at $1,494/mo. Purchase price stands at $191,900, and rental yield measures 19.24% with $3,077/mo rent. Return on cash invested shows 48.09% in year one, and 5% annual appreciation builds toward $53,018 over five years. Five-year ROI reaches 256.67% and total cumulative return in cash records $163,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,077/mo property income covering a $939/mo payment rather than investor’s personal income.
Condo
Built in 1990
8,263 sqft lot
$N/A/sqft
$3,720 annually 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: Claudia Perez Pintado • Sellstate 5 Star Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224014655
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.