10507 Washingtonia Palm WAY #3815Fort MyersFL33966
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder10507 Washingtonia Palm WAY #3815, Fort Myers, FL, 33966 in Fort Myers is a stable, well-positioned rental at $355,000. Rental yield 7.87%. DSCR 1.43 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $98,080 in value and $3,270/yr in principal paydown builds equity, a total projected return of $46,613.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.8% |
| Monthly Cash Flow | $(1,439) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,289 |
| Total Monthly Debt Service | $3,622 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2004
0.27 Acres lot
$N/A/sqft
$14,118 annually 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 2004
0.27 Acres lot
$N/A/sqft
$14,118 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeanine Delaney • EXP Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225061911
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.