1865 Concordia Lake Cir UNIT 402Cape CoralFL33909
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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 1865 Concordia Lake Cir UNIT 402, Cape Coral, FL, 33909 uses $79,394 cash to close to unlock $190/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,605/mo, and a $1,172/mo payment keeps the spread at $16/mo. Purchase price stands at $239,500, and rental yield measures 8.04% with $1,605/mo rent. Return on cash invested shows 20.15% in year one, and 5% annual appreciation builds toward $66,169 over five years. Five-year ROI reaches 104.7% and total cumulative return in cash records $83,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,605/mo property income covering a $1,172/mo payment rather than investor’s personal income.
Condo
Built in 2006
9,583 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
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Listed by: Jack Smedes Smedes • NHN NewHome Network Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025024451