Introduction
Cape Coral, Florida, is a hotspot for short-term rental investment due to its scenic waterfront views, abundant canals, and close proximity to popular Gulf Coast attractions. This guide highlights some of the top-performing ZIP codes in Cape Coral, each with promising gross yields, annual revenue, and competitive home values, making them appealing for investors.
33904 – Cape Coral’s Yacht Club and Downtown Area
- Gross Yield: 9%
- Annual Revenue: $33,969
- Zillow Home Value: $379.1K
ZIP code 33904 encompasses Cape Coral’s Yacht Club and downtown area, a prime location known for its boating culture, marinas, and easy access to the Caloosahatchee River. With a gross yield of 9%, this ZIP code offers a strong annual revenue, supported by the area’s appeal to tourists and locals alike. The relatively high home values reflect the desirability of this waterfront community, making it a lucrative option for investors aiming to attract visitors seeking a luxurious coastal experience.
33993 – Northwest Cape Coral
- Gross Yield: 9%
- Annual Revenue: $31,864
- Zillow Home Value: $364.2K
The 33993 ZIP code covers a large part of northwest Cape Coral, an area known for newer developments, spacious lots, and a more suburban feel compared to the central parts of the city. Despite being farther from the water, it maintains a solid gross yield of 9% and a competitive annual revenue. The home value of $362.2K is indicative of the area’s growth potential, as more people seek out affordable yet attractive locations for vacation rentals that balance accessibility and tranquility.
33909 – Northeast Cape Coral
- Gross Yield: 9%
- Annual Revenue: $27,950
- Zillow Home Value: $326.5K
ZIP code 33909 represents the northeastern part of Cape Coral, an area popular among families and those looking for a quiet retreat. It offers affordable home values, averaging $326.5K, with a decent gross yield and annual revenue. While not as close to the main waterways, this ZIP code provides affordable investment options and appeals to budget-conscious travelers and long-term renters looking for a quieter, residential atmosphere.
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33990 – Mid-Cape Coral
- Gross Yield: 8%
- Annual Revenue: $29,309
- Zillow Home Value: $359.7K
Located in the heart of Cape Coral, ZIP code 33990 includes midtown neighborhoods that offer easy access to both the northern and southern ends of the city. Known for its central location, proximity to shopping centers, and access to local amenities, this area attracts a steady flow of tourists and residents. The gross yield of 8% is supported by stable demand, and the home value of $359.7K suggests solid long-term appreciation, making it a well-balanced choice for investors.
33991 – Southwest Cape Coral
- Gross Yield: 8%
- Annual Revenue: $31,933
- Zillow Home Value: $397.8K
The 33991 ZIP code in southwest Cape Coral is one of the most desirable areas, featuring upscale homes, golf courses, and an array of dining and shopping options. Its gross yield stands at 8%, with a relatively high annual revenue and the highest home value in this list at $397.8K. The high property prices reflect the area’s reputation as a luxurious and sought-after community, drawing vacationers looking for a high-end experience. For investors, 33991 presents an opportunity to capitalize on premium rental rates in one of Cape Coral’s top-tier neighborhoods.
Conclusion
Each of these Cape Coral submarkets offers unique advantages, from waterfront luxury to affordable residential appeal. Investors looking for stable returns, high demand, and potential appreciation will find Cape Coral to be a vibrant and profitable market for short-term rentals.
