20648 Weathered Vane WayEsteroFL33928
Nearby investment properties with comparable rents
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
Rental property for sale in Estero at 20648 Weathered Vane Way, Estero, FL, 33928 priced at $389,500 converts $3,600/mo rent into $312/mo cash flow after a $1,906/mo obligation. Total monthly income equals $3,600/mo, and annual cash flow totals $3,747/yr on $129,119 invested. Return on cash invested prints 22.81% in year one, and rental yield reads 11.09% against a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation compiles into $107,612 by year five. Five-year ROI reaches 121.37% and total cumulative return in cash sums $156,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $1,906/mo payment, not borrower’s personal income.
Multi Family
Built in 1999
8,450 sqft lot
$N/A/sqft
$7,728 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33928, Estero, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,934 (100%) |
| Owner Occupied HU | 14,388 (60.1%) |
| Renter Occupied HU | 2,975 (12.4%) |
| Vacant Housing Units | 6,571 (27.5%) |
| Median Home Value | $532,870 |
| Average Home Value | $596,176 |
Housing Distribution
Address Breakdown
Residential
20,339
Single Family
15,619
Multi-Family
4,720
Businesses
780
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Ulri Ulrich • John R Wood Properties
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224064041
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.