646 Joel Blvd UNIT 646Lehigh AcresFL33936
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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
Rental property for sale in Lehigh Acres at 646 Joel Blvd UNIT 646, Lehigh Acres, FL, 33936 generates $843/mo in rent, after a $514/mo payment. Total monthly income is $843/mo. Return on cash invested sits at 11.67% in year one, and rental yield is 9.63% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 64.23% and total cumulative return in cash sums $22,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $843/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$385 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33936, Lehigh Acres, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,571 (100%) |
| Owner Occupied HU | 7,502 (64.8%) |
| Renter Occupied HU | 3,059 (26.4%) |
| Vacant Housing Units | 1,010 ( 8.7%) |
| Median Home Value | $292,585 |
| Average Home Value | $314,926 |
Housing Distribution
Address Breakdown
Residential
10,770
Single Family
9,997
Multi-Family
773
Businesses
388
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Listed by: Raul Leyva • Sellstate 5 Star Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11821911
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.