406/408 SW 2nd TerCape CoralFL33991
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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
Investment property for sale in Cape Coral at 406/408 SW 2nd Ter, Cape Coral, FL, 33991 uses $127,627 cash to close to unlock $10,266/yr annual cash flow and $855/mo monthly cash flow. Total monthly income runs $3,410/mo, and a $1,884/mo payment keeps the spread at $855/mo. Purchase price stands at $384,999, and rental yield measures 10.63% with $3,410/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 146.57% and total cumulative return in cash records $187,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,410/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Multi Family
Built in 1984
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33991, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 8,953 (69.8%) |
| Renter Occupied HU | 2,396 (18.7%) |
| Vacant Housing Units | 1,469 (11.5%) |
| Median Home Value | $443,489 |
| Average Home Value | $495,286 |
Housing Distribution
Address Breakdown
Residential
12,946
Single Family
12,538
Multi-Family
408
Businesses
599
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Listed by: Jose Carreras • VIP Realty Group Inc
Mls Name: SWFLMLS
Mls ID: #225060164