2648 SW 31st LnCape CoralFL33914
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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
Rental property for sale in Cape Coral at 2648 SW 31st Ln, Cape Coral, FL, 33914 generates $2,571/mo in rent and, after a $1,835/mo payment, leaves $83/mo in cash flow. Total monthly income is $2,571/mo, and annual cash flow is $997/yr on $124,279 invested. Return on cash invested sits at 20.71% in year one, and rental yield is 8.23% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 107.76% and total cumulative return in cash sums $133,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,571/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33914, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,617 (100%) |
| Owner Occupied HU | 15,704 (63.8%) |
| Renter Occupied HU | 4,294 (17.4%) |
| Vacant Housing Units | 4,619 (18.8%) |
| Median Home Value | $493,956 |
| Average Home Value | $575,796 |
Housing Distribution
Address Breakdown
Residential
23,857
Single Family
22,183
Multi-Family
1,674
Businesses
364
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Listed by: Alex Arntzen • ERA Cape Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #224054787