Cape Coral Duplex in SE

[Allen Wu]

Hello Friends,

I’m interested in buying a duplex for under 300k in SE Cape Coral. This has 2 bed rooms and 2 bath rooms. Current rent goes for 1000-1200 a month. What do you think about the SE area as an investment? Do you think Cape Coral is a good long term (10 years) hold? I’m a buy and hold investor and appears Cape Coral has decent cash flow with some slight upside. Any general thoughts or feedback about buying and holding in Cape Coral will be helpful!

[Stetson Miller]

@Allen Wu The biggest thing to watch out for in SE Cape is the flood zones, which are almost guaranteed to kill any potential cash flow you can find right now in that area. The appreciation upside is more than slight, it's huge, and that's enough for some people. However, if solid cash flow is what you're looking for, Lehigh Acres is another area that can produce much better numbers, and still retains that decent appreciation potential