718 Heather Lake AveCape CoralFL33993
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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 Cape Coral at 718 Heather Lake Ave, Cape Coral, FL, 33993 priced at $341,300 pairs $2,858/mo rent with $275/mo cash flow after a $1,670/mo payment. Total monthly income equals $2,858/mo, and annual cash flow comes to $3,300/yr on $113,141 invested. Return on cash invested is 22.83% in year one, and rental yield stands at 10.05% on a $341,300 basis. Equity gained on principal adds $2,202/yr, and 5% annual appreciation accumulates to $94,295 by year five. Five-year ROI measures 120.34% and total cumulative return in cash reaches $136,158. For financing, Ziffy Mortgage’s DSCR program evaluates $2,858/mo property income against a $1,670/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in 2022
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33993, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,167 (100%) |
| Owner Occupied HU | 10,975 (72.4%) |
| Renter Occupied HU | 2,421 (16.0%) |
| Vacant Housing Units | 1,771 (11.7%) |
| Median Home Value | $395,224 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
15,574
Single Family
15,543
Multi-Family
31
Businesses
111
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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