618 SE 28th TerCape CoralFL33904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cape Coral at 618 SE 28th Ter, Cape Coral, FL, 33904 generates $2,698/mo in rent, after a $2,105/mo payment. Total monthly income is $2,698/mo. Return on cash invested sits at 18.6% in year one, and rental yield is 7.53% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 96.41% and total cumulative return in cash sums $137,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,698/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
10,018 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mayelin Gomez Herrera • Avenue Homes LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025016957