323 SE 16th StCape CoralFL33990
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 323 SE 16th St, Cape Coral, FL, 33990 in Cape Coral. At $305,000 it earns $2,243/mo in rent and distributes $215/mo to the owner after the $1,371/mo payment, a consistent 8.82% yield. DSCR 1.64 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $84,266 in value; $2,809/yr in principal paydown compounds ownership stake. Total projected return: $130,142.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.5% |
| Monthly Cash Flow | $215 | $800 |
City averages based on Cape Coral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,243 |
| Total Monthly Debt Service | $1,907 |
| DSCR Ratio | 1.18x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33990, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,740 (100%) |
| Owner Occupied HU | 9,577 (65.0%) |
| Renter Occupied HU | 3,818 (25.9%) |
| Vacant Housing Units | 1,345 ( 9.1%) |
| Median Home Value | $428,028 |
| Average Home Value | $484,812 |
Housing Distribution
Address Breakdown
Residential
14,595
Single Family
14,177
Multi-Family
418
Businesses
857
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
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33990, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,740 (100%) |
| Owner Occupied HU | 9,577 (65.0%) |
| Renter Occupied HU | 3,818 (25.9%) |
| Vacant Housing Units | 1,345 ( 9.1%) |
| Median Home Value | $428,028 |
| Average Home Value | $484,812 |
Housing Distribution
Address Breakdown
Residential
14,595
Single Family
14,177
Multi-Family
418
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Bracero • Schooner Bay Realty, Inc.
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225046169
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.