312 NE 7th StCape 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
Rental property for sale in Cape Coral at 312 NE 7th St, Cape Coral, FL, 33909 priced at $357,990 converts $4,349/mo rent into $1,974/mo cash flow after a $1,752/mo obligation. Total monthly income equals $4,349/mo, and annual cash flow totals $23,682/yr on $118,674 invested. Return on cash invested prints 39.86% in year one, and rental yield reads 14.58% against a $357,990 entry. Equity gained on principal adds $2,310/yr, while 5% annual appreciation compiles into $98,906 by year five. Five-year ROI reaches 210.46% and total cumulative return in cash sums $249,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,349/mo property income covering a $1,752/mo payment, not borrower’s personal income.
Single Family
Built in 2024
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: SWFLMLS
Mls Provider:
Mls ID: #224061107
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.