2916 NE 2nd PlCape CoralFL33909
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2916 NE 2nd Pl, Cape Coral, FL, 33909 in Cape Coral at $365,000 earns $2,590/mo in rent and nets $167/mo after the $1,730/mo payment, a 8.51% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $100,843 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $3,060/yr in principal paydown, total projected return reaches $143,101.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $167 | $800 |
City averages based on Cape Coral market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,590 |
| Total Monthly Debt Service | $2,366 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Navas • Firm Luxury Real Estate, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11731487
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.
