2322 SW 16th TerCape 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
Total monthly income runs $2,377/mo, and a $3,414/mo payment. Purchase price stands at $697,500, and rental yield measures 4.09% with $2,377/mo rent. Return on cash invested shows 8.28% in year one, and 5% annual appreciation builds toward $192,706 over five years. Five-year ROI reaches 41.08% and total cumulative return in cash records $94,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $3,414/mo payment rather than investor’s personal income.
Single Family
Built in 2024
10,497 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: Camila Rifai • RE/MAX Trend
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224102450
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.