220 NW 2nd PlCape CoralFL33993
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
Investment property for sale in Cape Coral at 220 NW 2nd Pl, Cape Coral, FL, 33993 at $389,700 posts ROI 46.94% with $2,909/mo cash flow from $5,554/mo rent. Total monthly income equals $5,554/mo, and annual cash flow records $34,914/yr on $129,186 to close. Return on cash invested measures 46.94% and rental yield reads 17.1% at the current $389,700. Equity gained on principal adds $2,515/yr, and 5% annual appreciation supports $107,667 by year five. Five-year ROI prints 248.56% and total cumulative return in cash totals $321,106.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,554/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
10,280 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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Listed by: Wendy Fernandez • MAKS Realty Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224000694
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.