906 SE 17th STCape 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 906 SE 17th ST, Cape Coral, FL, 33990 offers a 8.23% rental yield on a $357,000 purchase with $2,448/mo rent. Total monthly income registers $2,448/mo, and a $1,747/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $951/yr on $118,346 to close, and return on cash invested stands at 20.71% in year one. Equity gained on principal adds $2,304/yr while 5% annual appreciation supports $98,633 over five years. Portfolio math shows five-year ROI at 107.76% and total cumulative return in cash at $127,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,448/mo property income against a $1,747/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
10,018 sqft 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: RICHARD MCKINNEY • RE/MAX GOLD
Mls Name: SWFLMLS
Mls ID: #225070558