823 NE 7th 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
Rental property for sale in Cape Coral at 823 NE 7th Ave, Cape Coral, FL, 33909 priced at $414,000 pairs $4,214/mo rent with $1,467/mo cash flow after a $2,026/mo payment. Total monthly income equals $4,214/mo, and annual cash flow comes to $17,603/yr on $137,241 invested. Return on cash invested is 32.74% in year one, and rental yield stands at 12.21% on a $414,000 basis. Equity gained on principal adds $2,671/yr, and 5% annual appreciation accumulates to $114,381 by year five. Five-year ROI measures 172.2% and total cumulative return in cash reaches $236,323. For financing, Ziffy Mortgage’s DSCR program evaluates $4,214/mo property income against a $2,026/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
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: Juan Benitez • Marzucco Real Estate
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224067445
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.