924 SE 24th 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 924 SE 24th St, Cape Coral, FL, 33990 offers a 9.02% rental yield on a $613,000 purchase with $4,608/mo rent. Total monthly income registers $4,608/mo, and a $3,000/mo payment leaves $324/mo available for distribution. Annual cash flow reaches $3,891/yr on $201,677 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $3,956/yr while 5% annual appreciation supports $169,361 over five years. Portfolio math shows five-year ROI at 115.03% and total cumulative return in cash at $231,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,608/mo property income against a $3,000/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.27 Acres 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: Sheri Harris • EXP Realty, LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #224016389
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.