608 SE 6th St APT FCape CoralFL33990
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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 608 SE 6th St APT F, Cape Coral, FL, 33990 with 5% annual appreciation on a $116,030 basis while $1,405/mo rent supports operations. Total monthly income totals $1,405/mo and a $568/mo payment preserves $425/mo for cash returns. Annual cash flow comes to $5,102/yr on $38,464 deployed, and return on cash invested reaches 33.17% in year one. Equity gained on principal adds $749/yr, and five-year appreciation sums $32,057 alongside rental yield of 14.53%. Five-year ROI measures 177.04% and total cumulative return in cash totals $68,097.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,405/mo property income versus a $568/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1981
5,662 sqft lot
$N/A/sqft
$183 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33990, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,740 (100%) |
| Owner Occupied HU | 9,577 (65.0%) |
| Renter Occupied HU | 3,818 (25.9%) |
| Vacant Housing Units | 1,345 ( 9.1%) |
| Median Home Value | $428,028 |
| Average Home Value | $484,812 |
Housing Distribution
Address Breakdown
Residential
14,595
Single Family
14,177
Multi-Family
418
Businesses
857
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