707 NE 2nd AveCape CoralFL33909
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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 707 NE 2nd Ave, Cape Coral, FL, 33909 uses $115,694 cash to close to unlock $5,584/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $2,917/mo, and a $1,708/mo payment keeps the spread at $465/mo. Purchase price stands at $349,000, and rental yield measures 10.03% with $2,917/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 129.84% and total cumulative return in cash records $150,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,917/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33909, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,288 (100%) |
| Owner Occupied HU | 10,972 (67.4%) |
| Renter Occupied HU | 3,948 (24.2%) |
| Vacant Housing Units | 1,368 ( 8.4%) |
| Median Home Value | $382,898 |
| Average Home Value | $458,877 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
15,214
Multi-Family
627
Businesses
912
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Listed by: Eric Degelau • Your Home Sold Guaranteed Realty-Vasbinder International,llc
Mls Name: My State MLS
Mls ID: #11476373