203 SE 15th Pl APT 214Cape 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 203 SE 15th Pl APT 214, Cape Coral, FL, 33990 listed at $163,500 pairs $1,460/mo rent with a $800/mo payment to leave $375/mo cash flow. Total monthly income runs $1,460/mo, and annual cash flow reaches $4,503/yr on $54,200 cash to close. Return on cash invested measures 28.22% in year one, and rental yield registers 10.72% at a $163,500 basis. Equity gained on principal adds $1,055/yr, and annual property appreciation at 5% supports $45,172 by year five. Five-year ROI tracks 148.04% and total cumulative return in cash totals $80,240. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,460/mo property income relative to a $800/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
4,356 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: Angel Rondon • Starlink Realty, Inc
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026001153