1639 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 1639 Covington Meadows CIR, Lehigh Acres, FL, 33936 offers a 10.69% rental yield on a $284,900 purchase with $2,538/mo rent. Total monthly income registers $2,538/mo, and a $1,394/mo payment leaves $648/mo available for distribution. Annual cash flow reaches $7,774/yr on $94,444 to close, and return on cash invested stands at 28.14% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 147.57% and total cumulative return in cash at $139,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,538/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
9,896 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: Sara Brand Estrada • Downing Frye Realty Inc.
Mls Name: SWFLMLS
Mls ID: #226003004