4745 NW 38th PlCape CoralFL33993
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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 4745 NW 38th Pl, Cape Coral, FL, 33993 uses $89,339 cash to close to unlock $3,463/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $2,077/mo, and a $1,319/mo payment keeps the spread at $289/mo. Purchase price stands at $269,500, and rental yield measures 9.25% with $2,077/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 124.23% and total cumulative return in cash records $110,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,077/mo property income covering a $1,319/mo payment rather than investor’s personal income.
Single Family
Built in 2018
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33993, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,167 (100%) |
| Owner Occupied HU | 10,975 (72.4%) |
| Renter Occupied HU | 2,421 (16.0%) |
| Vacant Housing Units | 1,771 (11.7%) |
| Median Home Value | $395,224 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
15,574
Single Family
15,543
Multi-Family
31
Businesses
111
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Listed by: Carrie Ciolino • Royal Shell Real Estate, Inc.
Mls Name: Florida Gulf Coast MLS
Mls ID: #225056332