2904 NE 2nd AveCape CoralFL33909
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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 2904 NE 2nd Ave, Cape Coral, FL, 33909 offers a 10.4% rental yield on a $309,990 purchase with $2,687/mo rent. Total monthly income registers $2,687/mo, and a $1,517/mo payment leaves $630/mo available for distribution. Annual cash flow reaches $7,561/yr on $102,762 to close, and return on cash invested stands at 27.27% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,645 over five years. Portfolio math shows five-year ROI at 142.91% and total cumulative return in cash at $146,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,687/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33909, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,288 (100%) |
| Owner Occupied HU | 10,972 (67.4%) |
| Renter Occupied HU | 3,948 (24.2%) |
| Vacant Housing Units | 1,368 ( 8.4%) |
| Median Home Value | $382,898 |
| Average Home Value | $458,877 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
15,214
Multi-Family
627
Businesses
912
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Listed by: Chris Morimanno • Coaston Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025013875