208 SW 24th PlCape CoralFL33991
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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 208 SW 24th Pl, Cape Coral, FL, 33991 offers a 9.15% rental yield on a $345,450 purchase with $2,635/mo rent. Total monthly income registers $2,635/mo, and a $1,691/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,783/yr on $114,517 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $2,229/yr while 5% annual appreciation supports $95,441 over five years. Portfolio math shows five-year ROI at 121.27% and total cumulative return in cash at $138,877. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,635/mo property income against a $1,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33991, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 8,953 (69.8%) |
| Renter Occupied HU | 2,396 (18.7%) |
| Vacant Housing Units | 1,469 (11.5%) |
| Median Home Value | $443,489 |
| Average Home Value | $495,286 |
Housing Distribution
Address Breakdown
Residential
12,946
Single Family
12,538
Multi-Family
408
Businesses
599
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Listed by: Brenda Pandoff • CENTURY 21 Ocean
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225043386
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.