616 SE 11th AveCape 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 616 SE 11th Ave, Cape Coral, FL, 33990 uses $101,108 cash to close to unlock $1,785/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $2,173/mo, and a $1,493/mo payment keeps the spread at $149/mo. Purchase price stands at $305,000, and rental yield measures 8.55% with $2,173/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 112.9% and total cumulative return in cash records $114,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,173/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 2004
9,844 sqft lot
$N/A/sqft
No 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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Listed by: Yariza Reynoso De Mayo • M&M Realty Solutions LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025009508