10391 Butterfly Palm Dr APT 1025Fort MyersFL33966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10391 Butterfly Palm Dr APT 1025, Fort Myers, FL, 33966 generates $6,265/mo in rent and, after a $1,463/mo payment, leaves $3,071/mo in cash flow. Total monthly income is $6,265/mo, and annual cash flow is $36,854/yr on $99,119 invested. Return on cash invested sits at 57.09% in year one, and rental yield is 25.14% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 308.15% and total cumulative return in cash sums $305,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,265/mo property income rather than buyer’s personal income.
Condo
Built in 2004
1,089 sqft lot
$N/A/sqft
$13,077 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerri Theisen • Kerri Theisen Realty, Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224042534
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.