312 Tropicana Pkwy ECape 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 Tropicana Pkwy E, Cape Coral, FL, 33909 priced at $373,400 converts $2,731/mo rent into $253/mo cash flow after a $1,828/mo obligation. Total monthly income equals $2,731/mo, and annual cash flow totals $3,032/yr on $123,782 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.78% against a $373,400 entry. Equity gained on principal adds $2,409/yr, while 5% annual appreciation compiles into $103,164 by year five. Five-year ROI reaches 116.58% and total cumulative return in cash sums $144,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,731/mo property income covering a $1,828/mo payment, not borrower’s personal income.
Single Family
Built in 2024
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
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Listed by: Paul Rowe • Re/Max Sunshine
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11708663
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.