5023 SW 16th Pl #202Cape CoralFL33914
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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 5023 SW 16th Pl #202, Cape Coral, FL, 33914 listed at $189,700 pairs $2,047/mo rent with a $928/mo payment to leave $337/mo cash flow. Total monthly income runs $2,047/mo, and annual cash flow reaches $4,039/yr on $62,886 cash to close. Return on cash invested measures 26.33% in year one, and rental yield registers 12.95% at a $189,700 basis. Equity gained on principal adds $1,224/yr, and annual property appreciation at 5% supports $52,411 by year five. Five-year ROI tracks 141.04% and total cumulative return in cash totals $88,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,047/mo property income relative to a $928/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
1,742 sqft lot
$N/A/sqft
$5,424 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33914, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,617 (100%) |
| Owner Occupied HU | 15,704 (63.8%) |
| Renter Occupied HU | 4,294 (17.4%) |
| Vacant Housing Units | 4,619 (18.8%) |
| Median Home Value | $493,956 |
| Average Home Value | $575,796 |
Housing Distribution
Address Breakdown
Residential
23,857
Single Family
22,183
Multi-Family
1,674
Businesses
364
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Listed by: Ted Stout • Realmark Realty Group II LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224077053
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.