1789 Four Mile Cove Pkwy UNIT 514Cape CoralFL33990
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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
Investment property for sale in Cape Coral at 1789 Four Mile Cove Pkwy UNIT 514, Cape Coral, FL, 33990 listed at $329,900 pairs $1,841/mo rent with a $1,615/mo payment. Total monthly income runs $1,841/mo. Return on cash invested measures 16.08% in year one, and rental yield registers 6.7% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 82.93% and total cumulative return in cash totals $90,699. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,841/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A 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: Mike Carroll • Just Right Realty Company
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026003297