177 NW 6th PlCape CoralFL33909
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cape Coral at 177 NW 6th Pl, Cape Coral, FL, 33909 priced at $405,670 converts $3,330/mo rent into $637/mo cash flow after a $1,986/mo obligation. Total monthly income equals $3,330/mo, and annual cash flow totals $7,650/yr on $134,480 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.85% against a $405,670 entry. Equity gained on principal adds $2,618/yr, while 5% annual appreciation compiles into $112,079 by year five. Five-year ROI reaches 133.94% and total cumulative return in cash sums $180,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,330/mo property income covering a $1,986/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Bone • DR Horton Realty SW FL LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224061344
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.