646 SE 12th Ct APT 17Cape 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 646 SE 12th Ct APT 17, Cape Coral, FL, 33990 uses $52,709 cash to close to unlock $5,125/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,482/mo, and a $778/mo payment keeps the spread at $427/mo. Purchase price stands at $159,000, and rental yield measures 11.18% with $1,482/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 155.68% and total cumulative return in cash records $82,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,482/mo property income covering a $778/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A 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: James Sommers • RE/MAX Trend
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025026131