1781 Four Mile Cove PKWY #123Cape CoralFL33990
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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 1781 Four Mile Cove PKWY #123, Cape Coral, FL, 33990 uses $94,478 cash to close to unlock $571/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $1,939/mo, and a $1,395/mo payment keeps the spread at $48/mo. Purchase price stands at $285,000, and rental yield measures 8.16% with $1,939/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 106.69% and total cumulative return in cash records $100,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,939/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 2004
9,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33990, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,740 (100%) |
| Owner Occupied HU | 9,577 (65.0%) |
| Renter Occupied HU | 3,818 (25.9%) |
| Vacant Housing Units | 1,345 ( 9.1%) |
| Median Home Value | $428,028 |
| Average Home Value | $484,812 |
Housing Distribution
Address Breakdown
Residential
14,595
Single Family
14,177
Multi-Family
418
Businesses
857
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Listed by: Aline Smolanoff • Alfred Robbins Realty Group
Mls Name: SWFLMLS
Mls ID: #225079998