231 SE 15th AveCape 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 231 SE 15th Ave, Cape Coral, FL, 33990 with 5% annual appreciation on a $449,580 basis while $3,115/mo rent supports operations. Total monthly income totals $3,115/mo and a $2,200/mo payment preserves $132/mo for cash returns. Annual cash flow comes to $1,584/yr on $149,036 deployed, and return on cash invested reaches 20.97% in year one. Equity gained on principal adds $2,901/yr, and five-year appreciation sums $124,211 alongside rental yield of 8.31%. Five-year ROI measures 109.12% and total cumulative return in cash totals $162,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,115/mo property income versus a $2,200/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.30 Acres 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: Jackie Nolen • Century 21 Selling Paradise
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224069900
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.