2619 Somerville Loop APT 401Cape 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 2619 Somerville Loop APT 401, Cape Coral, FL, 33991 listed at $325,000 pairs $2,902/mo rent with a $1,591/mo payment to leave $531/mo cash flow. Total monthly income runs $2,902/mo, and annual cash flow reaches $6,368/yr on $107,738 cash to close. Return on cash invested measures 25.82% in year one, and rental yield registers 10.72% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 136% and total cumulative return in cash totals $146,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,902/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$643 quarterly 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: Natalie Stout • Realmark Realty Group II LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #224035235
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.