920 SE 46th St #6-2ACape CoralFL33904
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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 920 SE 46th St #6-2A, Cape Coral, FL, 33904 generates $2,524/mo in rent and, after a $1,294/mo payment, leaves $320/mo in cash flow. Total monthly income is $2,524/mo, and annual cash flow is $3,834/yr on $87,649 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 11.46% on a $264,400 entry. Equity gained on principal adds $1,706/yr, while 5% annual appreciation builds toward $73,049 over five years. Five-year ROI reaches 129.13% and total cumulative return in cash sums $113,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,524/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$5,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33904, Cape Coral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,936 (100%) |
| Owner Occupied HU | 12,680 (60.6%) |
| Renter Occupied HU | 3,717 (17.8%) |
| Vacant Housing Units | 4,539 (21.7%) |
| Median Home Value | $470,794 |
| Average Home Value | $549,863 |
Housing Distribution
Address Breakdown
Residential
17,839
Single Family
14,544
Multi-Family
3,295
Businesses
1,038
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Listed by: Mark Fennig • Keller Williams Realty Naples
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224047251
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.