3606 SE 3rd PlCape CoralFL33904
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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 3606 SE 3rd Pl, Cape Coral, FL, 33904 offers $6,912/mo rent that, after a $2,178/mo payment, leaves $3,959/mo cash flow. Total monthly income is $6,912/mo, and annual cash flow is $47,510/yr on $147,484 cash. Return on cash invested measures 52.12% in year one, and rental yield stands at 18.64% at a $444,900 entry. Equity gained on principal adds $2,871/yr while 5% annual appreciation compounds into $122,918 by year five. Five-year ROI records 276.19% and total cumulative return in cash reaches $407,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,912/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33904, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,936 (100%) |
| Owner Occupied HU | 12,680 (60.6%) |
| Renter Occupied HU | 3,717 (17.8%) |
| Vacant Housing Units | 4,539 (21.7%) |
| Median Home Value | $470,794 |
| Average Home Value | $549,863 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
14,544
Multi-Family
3,295
Businesses
1,038
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Listed by: Rebecca Griggs-Kundinger • Key Trust Realty, LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224070801
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.