10503 Casella Way #201Fort MyersFL33966
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10503 Casella Way #201, Fort Myers, FL, 33966 in Fort Myers speaks for itself: 13.23% gross on a $530,000 price, generating $5,842/mo in rent and $1,803/mo in net income after the $2,383/mo debt service. DSCR 2.45, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $21,637 stacks alongside $146,429 in projected five-year appreciation and $4,881/yr in principal reduction. Projected total cumulative return: $320,342.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 6.8% |
| Monthly Cash Flow | $1,803 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,842 |
| Total Monthly Debt Service | $3,828 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2019
6,207 sqft lot
$N/A/sqft
$1,393 quarterly HOA
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
Condo
Built in 2019
6,207 sqft lot
$N/A/sqft
$1,393 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurie Kramer • Premiere Plus Realty Company
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225044303
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