642 SE 13th Pl APT 8Cape 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 642 SE 13th Pl APT 8, Cape Coral, FL, 33990 listed at $149,500 pairs $2,947/mo rent with a $732/mo payment to leave $1,605/mo cash flow. Total monthly income runs $2,947/mo, and annual cash flow reaches $19,255/yr on $49,559 cash to close. Return on cash invested measures 58.76% in year one, and rental yield registers 23.65% at a $149,500 basis. Equity gained on principal adds $965/yr, and annual property appreciation at 5% supports $41,304 by year five. Five-year ROI tracks 314.88% and total cumulative return in cash totals $156,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,947/mo property income relative to a $732/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A lot
$N/A/sqft
$4,200 annually 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: Jamie Dunnigan • RE/MAX Trend
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224062354
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.