4230 NE 23rd AveCape 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 4230 NE 23rd Ave, Cape Coral, FL, 33909 generates $2,719/mo in rent and, after a $1,840/mo payment, leaves $224/mo in cash flow. Total monthly income is $2,719/mo, and annual cash flow is $2,692/yr on $124,611 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 8.68% on a $375,900 entry. Equity gained on principal adds $2,426/yr, while 5% annual appreciation builds toward $103,854 over five years. Five-year ROI reaches 115.04% and total cumulative return in cash sums $143,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,719/mo property income rather than buyer’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: Fred Benoit • Benoit Properties Intl LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224067081
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.