2510 SE 16th Pl APT 102Cape CoralFL33904
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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 2510 SE 16th Pl APT 102, Cape Coral, FL, 33904 uses $44,985 cash to close to unlock $9,020/yr annual cash flow and $752/mo monthly cash flow. Total monthly income runs $2,022/mo, and a $664/mo payment keeps the spread at $752/mo. Purchase price stands at $135,700, and rental yield measures 17.88% with $2,022/mo rent. Return on cash invested shows 39.96% in year one, and 5% annual appreciation builds toward $37,491 over five years. Five-year ROI reaches 214.56% and total cumulative return in cash records $96,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,022/mo property income covering a $664/mo payment rather than investor’s personal income.
Condo
Built in 1982
5,401 sqft lot
$N/A/sqft
$370 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33904, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,936 (100%) |
| Owner Occupied HU | 12,680 (60.6%) |
| Renter Occupied HU | 3,717 (17.8%) |
| Vacant Housing Units | 4,539 (21.7%) |
| Median Home Value | $470,794 |
| Average Home Value | $549,863 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
14,544
Multi-Family
3,295
Businesses
1,038
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