206 NW 3rd 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
Rental property for sale in Cape Coral at 206 NW 3rd Pl, Cape Coral, FL, 33993 priced at $412,700 converts $3,971/mo rent into $1,207/mo cash flow after a $2,020/mo obligation. Total monthly income equals $3,971/mo, and annual cash flow totals $14,481/yr on $136,810 invested. Return on cash invested prints 30.49% in year one, and rental yield reads 11.55% against a $412,700 entry. Equity gained on principal adds $2,663/yr, while 5% annual appreciation compiles into $114,021 by year five. Five-year ROI reaches 160.27% and total cumulative return in cash sums $219,271. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,971/mo property income covering a $2,020/mo payment, not borrower’s personal income.
Single Family
Built in 2007
10,245 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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