4613 SE 5th Ave APT 203Cape 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
Investment property for sale in Cape Coral at 4613 SE 5th Ave APT 203, Cape Coral, FL, 33904 offers a 15.97% rental yield on a $239,000 purchase with $3,181/mo rent. Total monthly income registers $3,181/mo, and a $1,170/mo payment leaves $942/mo available for distribution. Annual cash flow reaches $11,301/yr on $79,229 to close, and return on cash invested stands at 34.17% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 183.51% and total cumulative return in cash at $145,392. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,181/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
7,980 sqft lot
$N/A/sqft
$7,200 annually 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: Sal DiStefano • Royal Palm Realty of SW FL LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224028788
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.