2016 NW 15th PlCape CoralFL33993
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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 2016 NW 15th Pl, Cape Coral, FL, 33993 uses $83,306 cash to close to unlock $6,280/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,191/mo, and a $1,230/mo payment keeps the spread at $523/mo. Purchase price stands at $251,300, and rental yield measures 10.46% with $2,191/mo rent. Return on cash invested shows 27.45% in year one, and 5% annual appreciation builds toward $69,430 over five years. Five-year ROI reaches 143.89% and total cumulative return in cash records $119,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $1,230/mo payment rather than investor’s personal income.
Single Family
Built in 2003
9,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33993, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,167 (100%) |
| Owner Occupied HU | 10,975 (72.4%) |
| Renter Occupied HU | 2,421 (16.0%) |
| Vacant Housing Units | 1,771 (11.7%) |
| Median Home Value | $395,224 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
15,574
Single Family
15,543
Multi-Family
31
Businesses
111
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