1 Palo Ct #928Fort MyersFL33912
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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 Fort Myers at 1 Palo Ct #928, Fort Myers, FL, 33912 priced at $229,900 converts $1,605/mo rent into $80/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,605/mo, and annual cash flow totals $955/yr on $76,212 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 8.38% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 110.16% and total cumulative return in cash sums $83,951. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,605/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33912, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,254 (100%) |
| Owner Occupied HU | 7,960 (60.1%) |
| Renter Occupied HU | 2,220 (16.7%) |
| Vacant Housing Units | 3,074 (23.2%) |
| Median Home Value | $488,563 |
| Average Home Value | $541,601 |
Housing Distribution
Address Breakdown
Residential
11,746
Single Family
9,150
Multi-Family
2,596
Businesses
1,257
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Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11601995